American businessman (born 1968)
Andrew R. Jassy (born January 13, 1968)
[5]
[6] 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,
[7]
[8] Jassy had been the SVP and CEO of
Amazon Web Services from 2003 to 2021.
[9]
Early life and education
Jassy is the son of Margery and Everett L. Jassy of
Scarsdale, New York .
[3] A Jew,
[10]
[11] with
Hungarian ancestry,
[10] 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]
[12] where he played varsity soccer and tennis.
[13]
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.
[14]
[15]
[16]
Career
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.
[15]
[17]
Jassy joined Amazon as a marketing manager in 1997
[13] with several other Harvard MBA colleagues.
[17]
[15] 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.
[18] 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 .
[15] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS).
[19]
[16] That year Jassy earned $36.6 million.
[20]
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
[21] ) 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),
[21] which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.
[22] He was succeeded as CEO of AWS by Adam Selipsky.
[23]
In January 2021, Bezos designated Jassy his official successor as CEO;
[24] with the transition occurring on July 5, 2021.
[25] 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.
[26]
Personal life
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 reformed Rabbi James Brandt, a cousin of Elana.
[27] 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]
[28] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.
[29]
[30]
[28]
He is chairman of Rainier Prep, a
charter school in Seattle.
[31]
References
^
a
b McLaughlin, Kevin (August 4, 2015).
"Andy Jassy: Amazon's $6 Billion Man" .
CRN .
Archived from the original on February 3, 2021. Retrieved October 12, 2017 .
^
a
b
"Andy Jassy: Amazon Web Services (AWS) CEO" . montgomerysummit . Archived from
the original on February 23, 2021. Retrieved February 2, 2021 .
^
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 .
^
"Andrew R Jassy from Seattle, WA" . Nuwber. Archived from
the original on February 2, 2021.
^
"Andrew R. Jassy, MBA" . 4-traders.
^ 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 .
People
Facilities Products and services
Subsidiaries Cloud computing Services Devices Technology Media Retail Logistics Former
Litigation Other Unions