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Andy Jassy
American business executive (born 1968) From Wikipedia, the free encyclopedia
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Andrew R. Jassy (born January 13, 1968)[5] is an American business executive who is the president and chief executive officer of Amazon. Before being appointed by Jeff Bezos and the Amazon board during the fourth quarter of 2020,[6][7] Jassy had been the SVP and CEO of Amazon Web Services from 2003 to 2021.[8]
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Early life and education
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York.[3] Of Jewish[9][10] Hungarian ancestry,[9] 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][11] where he played varsity soccer and tennis.[12]
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.[13][14][15]
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Career
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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.[14][16]
Jassy joined Amazon as a marketing manager in 1997.[12] 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.[17] Jassy headed it and its team of 57 people.[1]
In 2016, Jassy was named Person of the Year by the Financial Times.[14] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS).[18][15] That year Jassy was paid $36.6 million.[19]
In 2017, he was elected as a member of the American Academy of Arts and Sciences.[20]
Jassy was a member of the National Security Commission on Artificial Intelligence (NSCAI) that was established in 2018 and issued its final report in March 2021.[21][22]
In January 2021, Bezos designated Jassy his official successor as CEO;[23] with the transition occurring on July 5, 2021.[24] 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.[25] He held more than 2.160 million common shares of Amazon.com and was estimated to have a net worth of almost $500 million as of January 2025.[26]
As of 2024, Jassy has been emphasizing the company's focus on artificial intelligence (AI).[27] The company announced plans to spend more than $75 billion on capital expenditures in 2025, with most of that investment directed towards AWS and generative AI.[28]
Jassy is a member of The Business Council.[29]
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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 reform Rabbi James Brandt, a cousin of Elana.[30] 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][31] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.[32][33][31]
He is chairman of Rainier Prep, a charter school in Seattle.[34]
References
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