Andy Jassy

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Andy Jassy
File:Andy Jassy in 2010 (cropped).jpg
Jassy in 2010
Born (1968-01-13) January 13, 1968 (age 57)
Education Harvard University (AB, MBA)
Known for Founding Amazon Web Services (AWS) and Amazon Music[1][2]:{{{3}}}
Net worth US$450 million (February 2021)[3]
Title President and CEO of Amazon
Term July 2021–present
Predecessor Jeff Bezos
Board member of Amazon
Spouse(s) Elana Caplan[4]:{{{3}}}
Children 2[5]:{{{3}}}
Website Andy Jassy on TwitterLua error in Module:WikidataCheck at line 28: attempt to index field 'wikibase' (a nil value).

Andrew R. Jassy (born January 13, 1968)[6][7] is an American business executive who has been the president and CEO of Amazon since July 5, 2021. Jassy led Amazon Web Services (AWS) since its inception in 2003.[8] He replaced Jeff Bezos as president and CEO of Amazon on July 5, 2021,[9] and Bezos became executive chairman.[10] He is one of the minority owners of the Seattle Kraken in the National Hockey League.[11]

Early life and education

Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York.[4] He is Jewish[12]:{{{3}}}[13] with Hungarian ancestry.[12] His father was a senior partner in the corporate law firm Dewey Ballantine in New York, and chairman of the firm's management committee.[4]:{{{3}}} Jassy grew up in Scarsdale, and attended Scarsdale High School,[4]:{{{3}}}[14] where he played varsity soccer and tennis.[11]

Jassy graduated with honors, cum laude, from Harvard College in government, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School.[15][16]

Career

Jassy worked for 5 years after graduation before entering his MBA program. He worked 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]

He joined Amazon as a marketing manager in 1997,[11] 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 would become known as Amazon Web Services (AWS), which launched in 2006.[18] Jassy headed AWS and its team of 57 people.[1]

File:Andy Jassy in 2016.jpg
Jassy in 2016.

In March 2016, Jassy was named a Person of the Year by the Financial Times.[15] A month later, Jassy was promoted from senior vice president to CEO of AWS.[19][16]:{{{3}}} That year Jassy earned $36.6 million.[20]

In 2020, for his work as CEO of AWS, Jassy earned a base compensation of $175,000, 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]

In February 2021, it was announced that Jassy would succeed Bezos as the CEO of Amazon sometime in the third quarter of 2021, with Bezos transitioning to executive chairman.[23] This took effect on July 5, 2021.[9]

Outside of his roles at Amazon, Jassy is also the chairman of Rainier Prep, a charter school in Seattle.[24]

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 the Loews Santa Monica Beach Hotel.[4]:{{{3}}} Their wedding was officiated by New York Rabbi James Brandt, a cousin of Elana.[25] Both their fathers were senior partners in law firm Dewey Ballantine.[4]:{{{3}}} They have two children.[5]

They live in the Capitol Hill neighborhood of Seattle, in a 10,000-square-foot house bought in 2009 for $3.1 million.[2][26] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica, California.[27][28][26]

References

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