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Start learning 50% faster. Sign in now· 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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