CEO of Amazon Web Services is set to resign.
Adam Selipsky, the current CEO of Amazon Web Services (AWS), will step down from his position next month. Selipsky has been at AWS since 2005, well before the company's services were publicly available. He has been leading the business since 2021, taking over from Andy Jassy who was promoted to lead the entirety of Amazon.
Matt Garman, AWS' current vice president of sales, marketing, and global services, will succeed Selipsky as CEO from June 3rd.
The AWS CEO holds significant importance to Amazon as a whole, considering AWS' cloud computing services account for around two-thirds of Amazon's total profits. With an annual revenue of over $90 billion in 2022, AWS ranks among the larger companies. It is currently at a pivotal point, navigating the growth of artificial intelligence technology as it releases new tools and capabilities with the ultimate goal of becoming the go-to provider of computing resources for the future.
AWS is also in intense competition with major players such as Google Cloud and Microsoft Azure. Since Selipsky's appointment as CEO, AWS' sales have increased by more than 85%. However, Amazon's stock price dropped by over 1% following the news on Tuesday.
Andy Jassy, the current Amazon CEO, had already acknowledged that Selipsky's stint as CEO was not meant to be permanent. He emphasized in an email to staff that there were several capable leaders in AWS, some of whom could run the entire business but needed more time to gain experience and learn under a more experienced CEO. Jassy mentioned that when he moved on from AWS to lead Amazon, he had already identified people with great potential.
"We agreed that if he [Selipsky] accepted the role, he'd likely do it for a few years, and that one of the things he'd focus on during that time was helping prepare the next generation of leadership. We were fortunate that Adam agreed to step in and lead AWS, and has deftly led the business, while also developing his leadership team," Jassy wrote.
In his goodbye message, Selipsky expressed gratitude to the many customers who credited AWS for their success, the numerous partners, and his dedicated team members. He was confident that AWS would be in capable hands with Garman and its strong leadership team.
Prior to Selipsky's tenure as CEO, Garman had already been a front-runner for the position among analysts.
Garman began at Amazon as an intern in 2005, and became one of the first AWS product managers in 2006. He later became the general manager of AWS Compute services and then took charge of the sales side of the business.
Read also:
- Telefónica targets market launch for hologram telephony
- vzbv: Internet companies continue to cheat despite ban
- Telefónica targets market launch for hologram telephony in 2026
- AI and climate in schools: how to keep lessons up to date
In light of the significant role AWS plays in Amazon's profits, the tech industry, and its competition with other cloud computing providers like Google Cloud and Microsoft Azure, finding a suitable replacement for Selipsky as CEO is essential for the business's continued success. Given his extensive experience within AWS, Matt Garman, the current vice president of sales, marketing, and global services, is well-positioned to leverage the company's technological advancements and business strategies to further solidify AWS's position in the tech industry.
Source: edition.cnn.com
