Andrew R. Jassy has been a key player at Amazon since 1997, joining the company as a marketing manager. He led the creation of Amazon Web Services (AWS), which turned out to be a massive success and transformed Amazon into...
Andrew R. Jassy has been a key player at Amazon since 1997, joining the company as a marketing manager. He led the creation of Amazon Web Services (AWS), which turned out to be a massive success and transformed Amazon into a leader in cloud computing. Jassy became CEO of Amazon on July 5, 2021, stepping into the shoes of founder Jeff Bezos. In 2023, his total compensation was about $1.3 million, with most of it coming from long-term stock awards, affirming the company's focus on aligning executive pay with shareholder value. Notably, Jassy did not receive any bonuses or new stock grants during the year, emphasizing Amazon's unique pay structure, which encourages long-term thinking. He currently owns over 2 million shares of Amazon stock, which reflects his commitment to the company. Most of these shares are tied to a 10-year vesting schedule that only pays out if the company’s stock does well over time. This means Jassy's success is closely tied to Amazon's performance, and he’s motivated to focus on the company's long-term growth and success. With significant experience in technology and innovation, Jassy continues to lead Amazon through a complex market, driving the company’s mission to redefine how people shop and use technology.