![]() ![]() Jassy's work at AWS has drawn the respect of other industry leaders as well. Wall Street expects another 31% growth increase in AWS sales to $13 billion in the fourth quarter, according to FactSet estimates, when the company reports its earnings results on Tuesday. In the third quarter of 2020, AWS recorded $11.6 billion in revenue, a 29% increase from the year-ago period. While many businesses struggled during the pandemic, AWS continued to thrive as the lockdown-driven demand for more online services increased the need for cloud computing. There has also been speculation about whether Amazon would spin out AWS, which would make Jassy the likely leader of a massively powerful and valuable stand-alone company. It's also a key source of Amazon's profitability: AWS is responsible for over 60% of Amazon's operating profits, though its sales are just 13% of the total. In less than two decades, AWS has grown into a massive business that generates over $40 billion in annual revenue, and the de facto leader in cloud computing, with over 30% of market share. Jassy is one of the highest-paid execs at Amazon, having made more than $20 million in total compensation over the past three years.īut it's his time at AWS, which he has helped build from the ground up since 2003, that truly distinguishes Jassy as one of the most established and influential figures in the world of corporate technology. After he joined Amazon in 1997, the year it went public, Jassy quickly moved up the ranks and at one point served as Bezos' first "shadow" advisor, a quasi-chief of staff who joins the CEO's every meeting. Jassy takes Amazon Web Services' role in powering so much of the internet economy - and his role in keeping it on top in the cloud market - very seriously.īut his low-key demeanor belies the full extent of his accomplishments. The people who have worked with Jassy, who just turned 53 earlier in January, describe him as a genuinely nice person who nevertheless sets high expectations for his people and expects them to rise to the challenge. Though he's one of the longest-serving executives at Amazon and a close confidant of CEO Jeff Bezos, Jassy still remains relatively little-known outside tech circles. "Jassy's one of the most powerful leaders not just within the cloud and the tech sector but in the world of business." "AWS and Jassy - they're the gatekeepers," Dan Ives, an analyst at Wedbush Securities, told Insider. The decision has also sparked renewed interest in Jassy, a 24-year veteran of Amazon and one of its most powerful executives, who sits at the helm of AWS - a position that makes him an invaluable asset for the company, even as recent events have demonstrated his unprecedented influence over the direction of the internet. Amazon ultimately decided to ban Parler because the app, favored heavily by far-right extremists for its lax content-moderation policies, had not done enough to limit violent content.īy banning Parler, Amazon has turned up the heat on the debate around the tech industry's power and influence over public discourse. One of the big decisions made in a recent Chop meeting, held virtually because of the pandemic, was the call to cut off the social-media app Parler from Amazon's cloud-hosting service. He's a shark who will smell a drop of blood from 100 miles away if you're not ready." "He has a tremendous amount of trust in his team, but you have to be at the highest levels of diligence and preparation for any meeting with him. "If you go to a Chop meeting with Andy, you better be ready," one former senior-level employee told Insider. The Chop is also where big ideas, and sometimes employees, go to get chopped down to size, according to people familiar with the company. Originally the name of a physical conference room next to his office at Amazon's Seattle headquarters - short for "Charterhouse of Parma," a book Jassy read in college - the Chop has also come into use as a catchall term for the meetings where Jassy holds his most important brainstorming and planning sessions. When Amazon Web Services CEO Andy Jassy has a big decision to make, it usually comes at the Chop. The headline has been updated to reflect the news. On July 5, Andy Jassy officially became Amazon CEO, succeeding Jeff Bezos, who steps into the position of executive chairman. Visit Insider's homepage for more stories.Įditor's note: This story was originally published January 31, 2021.Current and former employees describe him as hard-charging and obsessed with customer experience.Jassy grew Amazon Web Services into a $40 billion business as its leader.Andy Jassy officially becomes CEO of Amazon on Monday, succeeding Jeff Bezos.Account icon An icon in the shape of a person's head and shoulders. ![]()
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