Amazon.com Inc on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos. …
Amazon.com Inc on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos. Here’s a look at the business Jassy is taking over and the challenges that await him on the job. Growing the ‘everything store’ Bezos incorporated Amazon exactly 27 years ago. The internet bookseller he founded out of a garage has morphed into a purveyor of virtually any consumer good, online and in physical stores. It has grown far beyond even that: Jassy built an enormously profitable and market-leading business,, that runs data centers serving a wide range of corporate computing needs. Amazon is also expanding further afield into Hollywood and healthcare. Being the CEO of one of the most valuable companies in the world Amazon’s stock started out at $1.50 per share, when adjusting for future equity splits. It now trades at more than $3,500 per share and is worth over $1.
