Who is Andy Jassy?
Andy Jassy or Andrew R. Jassy born on January 13, 1968, is an American businessman and the new CEO of Amazon. He is also one of the minority owners of the Seattle Kraken of the National Hockey League. Jassy has led AWS since its inception in 2003. He replaced Jeff Bezos as CEO of Amazon on July 5, 2021; On the same day, Bezos became executive chairman.
Andy Jassy Becomes The New CEO Amazon
The former head of Amazon Web Services (AWS) Andy Jassy officially took over as the CEO of Amazon.com after the world’s richest man, Jeff Bezos, stepped down as the e-commerce giant’s boss on Monday.
Jassy, 53, takes over proceedings from Bezos who will remain Amazon’s executive chairman and the company’s biggest shareholder. It marks the end of an era for the man who started Amazon from a garage in 1994 and took it to unimaginable heights over the years.
For Andy Jassy, it will be a massive task to replace Jeff Bezos. His responsibilities will be tougher as he gears up to manage a bigger entity that is growing rapidly and is more valuable than ever.
Jassy’s new role involves much more than just increasing Amazon’s profits, market capitalisation and global footprint.
From improving working conditions to dealing with criticism on how the company treats its employees and tackling charges of unfair business practices in countries like India, Jassy will have many issues to resolve as the US-based e-commerce firm continues to grow at a breakneck pace.
Bezos’s successor Andy Jassy joined Amazon as a project manager in 1997, just three years after the company was incorporated. Jassy has led some interesting projects at Amazon over the years.
Before joining Amazon, Jassy worked for five years after graduation as a project manager for a collectables company, MBI. He then started a company with a colleague from the company but closed it later.
Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.
Amazon will record the grant of 61,000 shares on July 5, the filing said. That`s the date Jassy succeeds Jeff Bezos in the online retailer`s first CEO transition since its founding in 1994. As of Friday`s close, those shares are worth about $214 million.
Jassy`s base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year and had $41.5 million vest in 2020.
Andy Jassy Biography, Wiki
Andy Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. He is Jewish with Hungarian ancestry. 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.
Jassy graduated with honors, cum laude, from Harvard College in government, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School.
|Real Name||Andrew R. Jassy|
|Famous For||CEO of Amazon Web Servies|
|Wife Name||Elana Caplan|
|Height||In centimeters- 18 cmIn meters- 1.68 mIn Feet Inches-5″6”|
|Weight||In Kilograms- 78 kgIn Pounds- 169 lbs|
|Shoe Size||7 US|
|Date of Birth||13 January 1968|
|Birth Place||Scarsdale, New York, United States|
|School Name||Scarsdale High School, ScarsdaleHarvard Business School, Boston|
|College Name||Harvard College, Cambridge|
|Mother Name||Everett L. Jassy|
|Source Of Income||CEO of AWS|
|Net Worth, Salary||$377 million (As of 2020)|
Andy Jassy Wife, Family, Personal Life
In 1997, Andy 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. Their wedding was officiated by New York Rabbi James Brandt, a cousin of Elana. Both their fathers were senior partners in law firm Dewey Ballantine. They have two children.
They live in the Capitol Hill neighborhood of Seattle, in a 10,000-square-foot house bought in 2009 for $3.1 million. In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica, California.
Andy Jassy Education
He did his school education at Scarsdale High School, Scarsdale, and after that joined Harvard Business School, Boston. He did B.A. and also MBA degree from Harvard College, Cambridge.
Andy Jassy Wife Name, Child
Andy Jassy’s wife’s name is Elana Rochelle Caplan, the couple together has two children.
Andy Jassy Parents
Andy Jassy was born on 13 January 1968 in Scarsdale, New York, United States. His father’s name and mother’s name is Margery & Everett L. Jassy.
Andy Jassy Career, Net Worth
Jassy worked 5 years after graduation. He also worked as a project manager in MBI. In the year 1997, He joined Amazon as a marketing manager with other Harvard MBA colleagues.
In the year 2003, He founded Amazon Web Services with a team of People 57. In the year 2021, Jassy joined as the CEO of AWS.
As of 2020, Jassy estimated net worth is $377 million.
Andy Jassy Social Media Instagram, Facebook & Twitter
Lesser-known facts about Andy Jassy
- Jassy is one of the minority owners of the Seattle Kraken of the National Hockey League.
- He is Jewish with Hungarian ancestry.
- His wife is a fashion designer for Eddie Bauer.
- He and his wife with their two children lives in Seattle, a city in Washington state, where he has a beautiful house of almost 10,000-square-foot.
Andy Jassy Career
Jassy worked for 5 years after graduation before entering his MBA program. He worked as a project manager for a collectibles company, MBI, and then he and an MBI colleague started a company and closed it down.
He joined Amazon in 1997, with several other Harvard MBA colleagues. His early roles included marketing manager.
In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that would become known as Amazon Web Services (AWS), which launched in 2006. Jassy headed AWS and its team of 57 people.
In March 2016, Jassy was named a Person of the Year by the Financial Times. A month later, Jassy was promoted from senior vice president to CEO of AWS. That year 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.
On February 2, 2021, it was announced that Jassy will succeed Jeff Bezos as the CEO of Amazon sometime in the third quarter of 2021, with Bezos transitioning to executive chairman. This took effect on July 5, 2021.
Outside of his roles at Amazon, Jassy is also the chairman of Rainier Prep, a charter school in Seattle.
Andy Jassy FAQ’s
What is Andy Jassy Wife’s Name?
Andy Jassy Wife’s name is Elana Caplan. In 1997, Jassy married Elana Rochelle Caplan, who is a fashion designer by profession.
Where was Andy Jassy Born?
Andy Jassy was born on January 13, 1968 (age 53) in New York, USA.
What is Andy Jassy’s Nationality?
Andy Jassy is an American Citizen.
What is Andy Jassy’s Ethnicity?
Andy Jassy’s is Jewish.
What is Andy Jassy’s Salary?
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.
How many kids do Andy Jassy have?
Andy Jassy with her wife Elana Caplan has 2 kids.
What is Andy Jassy’s Net worth?
As of 2020, Andy Jassy estimated net worth is $377 million.
What are Andy Jassy’s Educational Qualifications?
He did his school education at Scarsdale High School, Scarsdale, and after that joined Harvard Business School, Boston. He did B.A. and also a MBA degree from Harvard College, Cambridge.