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· Amazon Founder Jeff Bezos has announced that Andy Jassy, the current CEO of Amazon Web Services (AWS), will take over as the CEO of the commerce giant on July 5. · On this date Amazon was incorporated in 1994, exactly 27 years ago. · About half of the company's revenue comes from AWS, which is the Cloud arm of Amazon, logged $54 billion annualised run rate -- a 32 per cent year-over-year growth -- in March quarter this year. · Andy Jassy has led AWS since it was founded in 2003 and was named the CEO of the Cloud arm in 2016. · Amazon has appointed Salesforce executive Adam Selipsky as new AWS. · Jeff Bezos, who built an online bookstore into a $1.7 trillion technology empire reaching into space, announced in February he will be stepping down as CEO at the apex of his career to focus on innovations.
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