Who is Andy Jassy? The man who will replace billionaire Jeff Bezos as Amazon CEO
Notably, Bezos is the biggest shareholder of Amazon and he would continue to wield significant influence over the e-commerce major.
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Updated: Jul 5, 2021, 09:15 AM IST
World’s richest person Jeff Bezos will step down as Amazon CEO today (Monday, July 5), 27 years after he set-up the e-commerce giant. Bezos, 57, has revealed that he will now expand his private space exploration firm, philanthropy and other endeavours. Andy Jassy, who joined Amazon in 1997 as a marketing manager, will take over the charge of Amazon from today.
Who is Andy Jassy?
Meet Andy Jassy, the man who takes over as Amazon’s new boss
Andy Jassy, former head of Amazon Web Services (AWS), takes charge of Amazon.com s operations from Monday. The 53-year-old replaces Jeff Bezos as the CEO of the world s largest e-commerce firm. Here is all you need to know.
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Amazon s new CEO Andy Jassy. (Photo: Reuters)
The former head of Amazon Web Services (AWS) Andy Jassy officially took over as the CEO of Amazon.com after the world’s richest man, Jeff Bezos, stepped down as the e-commerce giant’s boss on Monday.
Jassy, 53, takes over proceedings from Bezos who will remain Amazon s executive chairman and the company s biggest shareholder. It marks the end of an era for the man who started Amazon from a garage in 1994 and took it to unimaginable heights over the years.
Amazon adds new leadership principles after 2015, days before Jeff Bezos steps down as CEO indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
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(Reuters) -Infrastructure software startup Confluent Inc said on Wednesday it had sold shares in its U.S. initial public offering (IPO) above its target range to raise $828 million.
Confluent priced 23 million shares at $36 per share. The company had previously priced its share between $29 and $33 apiece.
The IPO values Confluent at $9 billion.
There have been a flurry of major tech listings as a number of startups look to capitalize on the sky-high investor demand for new, high-growth tech stocks.
The company counts venture capital firms Benchmark Capital Partners VIII LP, Sequoia Capital, and Index Ventures among its prominent backers. Benchmark, which owns about 15.3% of Confluent’s common stock, is the largest shareholder, according to a regulatory filing last week.