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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
American businessman (born 1968)
Andrew R. Jassy (born January 13, 1968)[5] is an American business executive who is the president and chief executive officer (CEO) of Amazon . Before being appointed by Jeff Bezos and the Amazon board during the fourth quarter of 2020,[6] [7] Jassy had been the SVP and CEO of Amazon Web Services from 2003 to 2021.[8]
Early life and education
[ edit ]
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York .[3] Of Jewish [9] [10] Hungarian ancestry,[9] his father was a senior partner in the corporate law firm Dewey Ballantine in New York City, and chairman of the firm's management committee.[3] Jassy grew up in Scarsdale , and attended Scarsdale High School ,[3] [11] where he played varsity soccer and tennis.[12]
Jassy graduated cum laude from Harvard College in government, where he was advertising manager of The Harvard Crimson , before earning an MBA from Harvard Business School . In 1989, he wrote in The Crimson that the newspaper should continue to publish advertisements from Eastern Air Lines , despite an ongoing labor dispute there.[13] [14] [15]
Career
[ edit ]
Jassy worked for five years after graduation before entering his MBA program as a project manager for a collectibles company, MBI , and then he and an MBI colleague started a company and closed it down.[14] [16]
Jassy joined Amazon as a marketing manager in 1997[12] with several other Harvard MBA colleagues.[16] [14] In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that became known as Amazon Web Services , which launched in 2006.[17] Jassy headed it and its team of 57 people.[1]
Jassy in 2016
In 2016, Jassy was named Person of the Year by the Financial Times .[14] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS).[18] [15] That year Jassy earned $36.6 million.[19]
For his work as CEO of AWS, Jassy earned a base compensation of $175,000 in 2020, plus a restricted stock unit award of 4,023 shares (a value of $12,104,844.93 as of July 26, 2020[20] ) of Amazon with vesting beginning in 2023. He also received a restricted stock unit award in April 2018 for 10,000 shares (a value of $30,089,100 as of July 26, 2020),[20] which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.[21] He was succeeded as CEO of AWS by Adam Selipsky.[22]
In January 2021, Bezos designated Jassy his official successor as CEO;[23] with the transition occurring on July 5, 2021.[24] As CEO of Amazon, Jassy received a ten year pay package totaling $212.7 million. The majority of the compensation package is in stock and vests over 10 years.[25]
Personal life
[ edit ]
In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for Eddie Bauer and graduate of the Philadelphia College of Textiles and Science , at a Loews Hotel in Santa Monica, California .[3] Their wedding was officiated by New York reform Rabbi James Brandt, a cousin of Elana.[26] Both their fathers were senior partners in law firm Dewey Ballantine .[3] Jassy and Caplan have two children.[4]
They live in the Capitol Hill neighborhood of Seattle in a 10,000-square-foot house bought in 2009 for $3.1 million.[2] [27] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.[28] [29] [27]
He is chairman of Rainier Prep, a charter school in Seattle.[30]
References
[ edit ]
^ a b c d e f "Elana Caplan And Andrew Jassy" . The New York Times . August 24, 1997. ISSN 0362-4331 . Archived from the original on February 3, 2021. Retrieved February 2, 2021 .
^ a b Rao, Leena (June 28, 2015). "How Andy Jassy helped Amazon own the cloud" . Fortune.com . Archived from the original on February 3, 2021. Retrieved February 23, 2021 .
^ Long, Katherine Anne (February 6, 2021). "As incoming Amazon CEO Andy Jassy steps into the limelight, a portrait of a leader much like Jeff Bezos emerges" . The Seattle Times . Archived from the original on March 24, 2024.
^ Weise, Karen (February 2, 2021). "Jeff Bezos to Step Down as Amazon C.E.O." The New York Times .
^ Haselton, Todd (February 2, 2021). "Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3" . CNBC .
^ Eugene, Kim; Stewart, Ashley (January 31, 2021). "Andy Jassy will be the next CEO of Amazon. Insiders dish on what it's like to work for Jeff Bezos' successor who built AWS into a $40 billion business" . Business Insider . Archived from the original on February 2, 2021. Retrieved February 3, 2021 .
^ a b "Amazon's Next CEO Andy Jassy Is Jewish" . The Yeshiva World News . February 7, 2021. Archived from the original on February 15, 2021. Retrieved February 14, 2021 .
^ "Amazon's next CEO Andy Jassy is Jewish" . Jewish Telegraphic Agency . February 4, 2021. Retrieved February 5, 2021 .
^ Fishman, Adrienne (September 11, 2014). "Amazon's Andy Jassy '86 to be interviewed by Dr. Hagerman on Tuesday at 8pm" . scarsdale10583.com . Retrieved October 12, 2017 .
^ a b Tilley, Aaron (July 2, 2021). "Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built?" . Wall Street Journal . Retrieved July 12, 2021 .
^ "No Eds in Ads | Opinion | The Harvard Crimson" . www.thecrimson.com . Retrieved April 14, 2022 .
^ a b c d Hook, Leslie (March 17, 2016). "Person of the Year: Amazon Web Services' Andy Jassy" . Financial Times . Archived from the original on February 5, 2021. Retrieved October 12, 2017 .
^ a b "Andrew Jassy, Amazon.Com Inc: Profile & Biography" . Bloomberg . Retrieved October 12, 2017 .
^ a b "Podcast - Forum for Growth & Innovation - Harvard Business School" . www.hbs.edu . Archived from the original on February 4, 2021. Retrieved February 3, 2021 .
^ Tilley, Aaron (February 2, 2021). "Who Is Andy Jassy? Jeff Bezos Acolyte Moves From Cloud to Amazon CEO" . Wall Street Journal . Retrieved February 3, 2021 .
^ Novet, Jordan (April 7, 2016). "Andy Jassy is finally named CEO of Amazon Web Services" . VentureBeat . Archived from the original on February 3, 2021. Retrieved October 12, 2017 .
^ Balakrishnan, Anita (April 12, 2017). "The most highly paid Amazon executive isn't the CEO — it's the head of cloud" . CNBC. Retrieved October 12, 2017 .
^ a b "Amazon.com, Inc. (AMZN)" . Retrieved July 26, 2020 .
^ "Notice of 2020 Annual Meeting of Shareholders & Proxy Statement" (PDF) . May 22, 2020. Retrieved July 26, 2020 .
^ "AWS announces next CEO" . US About Amazon . March 23, 2021. Retrieved March 27, 2024 .
^ Hartmans, Avery (November 23, 2021). "Jeff Bezos surprised Andy Jassy by picking him as Amazon CEO: VF" . Business Insider . Retrieved June 3, 2022 .
^ Palmer, Annie (July 5, 2022). "first year after succeeding Bezos as Amazon CEO" . CNBC . Retrieved April 8, 2023 .
^ Thorbecke, Catherine (April 1, 2022). "Amazon CEO Andy Jassy's total compensation package topped $212 million" . CNN International . Retrieved April 4, 2022 .
^ "Meet Elana Rochelle Caplan, Amazon's next CEO Andy Jassy's fashion designer wife who loves traveling" . meaww.com . Archived from the original on February 5, 2021.
^ a b McClain, James (October 14, 2020). "Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home" . Archived from the original on February 23, 2021.
^ Neilson, Susie (February 2, 2021). "Who is Andy Jassy, the Amazon exec who will replace Jeff Bezos as CEO?" . San Francisco Chronicle . Archived from the original on February 23, 2021.
^ "Amazon's Andy Jassy Buys Santa Monica Home" . The Real Deal Los Angeles . October 14, 2020. Archived from the original on February 4, 2021.
^ "Board" . Rainier Prep. Retrieved October 12, 2017 .
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