Amazon’s cloud computing giant, Amazon Web Services (AWS), is seeing a change in leadership. Amazon CEO Andy Jassy announced the same in an email to employees. Adam Selipsky, who has held the position since 2021, will step down next month. He will be replaced by Matt Garman, current head of AWS sales and marketing. Selipsky, who has led Amazon Web Services since 2021, will step down from his role next month “to move on to his next challenge,” Jassy wrote in an email to employees.
What makes AWS an Amazon ATM
AWS is Amazon’s crown jewel, generating over 60% of its operating revenues. This increases the company’s ability to invest in other areas. The cloud unit recently posted its strongest sales growth in a year and is on track to surpass $100 billion in annual revenue for the first time. The cloud unit is also the world’s largest seller of rented computing power and data storage. Last quarter, AWS reported its strongest sales growth in a year and is on track to bring in more than $100 billion in revenue for the first time in a year.
One key area where AWS is catching up is artificial intelligence (AI). Competitors like Microsoft and Google have taken the lead in enormous language models, the technology behind AI tools like ChatGPT. But Amazon is making progress, with executives recently announcing a multi-billion-dollar revenue stream from its generative AI operations.
Jassy, who himself led AWS before becoming Amazon’s CEO, emphasized Garman’s customer focus, product leadership and problem-solving skills. “Matt has an unusually deep skill set and experience for his recent position,” said Jassy, who led AWS from its inception in the early 2000s until taking the top job at Amazon in 2021. “He is very customer-focused, is a great product leader, inventive, clever at solving problems, is right, has high standards and a significant attitude towards action.
Garman began his career at Amazon as an MBA intern
Interestingly, Selipsky was Jassy’s right-hand man in the early days of AWS and oversaw sales, marketing, and other key functions. He left Amazon in 2016 but returned three years ago. Garman’s nomination may have come as a surprise to some AWS employees who expected him to take up the top position earlier. He is an AWS veteran, starting as an intern in 2005 and eventually becoming one of the unit’s first product leaders.
The news caused Amazon’s share price to decline slightly, but the stock is still up more than 20% since the beginning of the year.
What makes AWS an Amazon ATM
AWS is Amazon’s crown jewel, generating over 60% of its operating revenues. This increases the company’s ability to invest in other areas. The cloud unit recently posted its strongest sales growth in a year and is on track to surpass $100 billion in annual revenue for the first time. The cloud unit is also the world’s largest seller of rented computing power and data storage. Last quarter, AWS reported its strongest sales growth in a year and is on track to bring in more than $100 billion in revenue for the first time in a year.
One key area where AWS is catching up is artificial intelligence (AI). Competitors like Microsoft and Google have taken the lead in enormous language models, the technology behind AI tools like ChatGPT. But Amazon is making progress, with executives recently announcing a multi-billion-dollar revenue stream from its generative AI operations.
Jassy, who himself led AWS before becoming Amazon’s CEO, emphasized Garman’s customer focus, product leadership and problem-solving skills. “Matt has an unusually deep skill set and experience for his recent position,” said Jassy, who led AWS from its inception in the early 2000s until taking the top job at Amazon in 2021. “He is very customer-focused, is a great product leader, inventive, clever at solving problems, is right, has high standards and a significant attitude towards action.
Garman began his career at Amazon as an MBA intern
Interestingly, Selipsky was Jassy’s right-hand man in the early days of AWS and oversaw sales, marketing, and other key functions. He left Amazon in 2016 but returned three years ago. Garman’s nomination may have come as a surprise to some AWS employees who expected him to take up the top position earlier. He is an AWS veteran, starting as an intern in 2005 and eventually becoming one of the unit’s first product leaders.
The news caused Amazon’s share price to decline slightly, but the stock is still up more than 20% since the beginning of the year.
