Introduction
Andrew R. Jassy (born January 13, 1968) is an American businessman who is the CEO of Amazon Web Services (AWS). He is also one of the minority owners of the Seattle Kraken of the National Hockey League. Jassy helped in the development of Amazon Web Services (AWS) since its inception in 2006. Jassy will replace Jeff Bezos as CEO of Amazon in the third quarter of 2021; Bezos will become executive chairman.
Early life and education
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. His father was a senior partner in the corporate law firm Dewey Ballantine in New York, and chairman of the firm's management committee. Jassy grew up in Scarsdale, and attended Scarsdale High School. He is Jewish with Hungarian ancestry.
Jassy graduated with honors from Harvard College, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School.
Career
Jassy worked after graduation as a project manager for a collectibles company, MBI, before taking his MBA.
He joined Amazon in 1997 as a marketing manager. In 2003, he founded Amazon Web Services (AWS), with a team of 57 people. In April 2016, Jassy was promoted from senior vice president to CEO of AWS.
In 2016, Jassy earned $36.6 million. 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) 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), which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.
Jassy has been outspoken in his criticism of rival company Oracle.
Jassy is the chairman of Rainier Prep, a charter school in Seattle.
As of November 2020, Jassy's estimated net worth is $377 million.
In February 2021, it was announced that Jassy will succeed Jeff Bezos as the CEO of Amazon in the third quarter of 2021, with Bezos transitioning to executive chairman.
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. Both their fathers were senior partners in law firm Dewey Ballantine. They have two children and live in Seattle.