Who is Andy Jassy: Biography, Personal Life, Career and Family
|Andy Jassy: Biography - Photo: Getty Images|
Who is Andy Jassy: Biography
We are going to tell about Andy Jassy through this post. Andy Jassy was fond of doing business since childhood. And at the same time had to work in a good company. Andy Jassy is an American businessman and the CEO of Amazon. In this post about Andy Jassy, interesting information is going to be received about his career, lifestyle, family, apart from these.
Andy Jassy is a very big businessman. And have always given priority to your business. Amazon founder Jeff Bezos is all set to hand over the reigns of the e-commerce giant to his colleague Andy Jassy on 5 July 2021, as he wishes to put more time and energy into his other passions, including Blue Origin. To know about Andy Jassy, read this post completely.
Andy Jassy: Early Life
Born on January 13, 1968, Andrew R. Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. His family is Jewish and hails from Hungarian ancestry.
Jassy’s father Everett L. Jassy was a senior partner and chairman of the firm management committee in the corporate law firm Dewey Ballantine in New York. Jassy spent his childhood in Scarsdale and completed his Schooling at Scarsdale High School.
Andy Jassy pursued his graduation with honors cum laude from Harvard College in government. He was also the advertising manager of The Harvard Crimson and later did MBA from Harvard Business School.
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.
In February 2021, it was announced that Jassy will succeed 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.
However, Bezos will continue as the executive chairman of Amazon’s board and will also be involved in new projects undertaken by the company.
Outside of his roles at Amazon, Jassy is also the chairman of Rainier Prep, a charter school in Seattle.
Andy Jassy Wife Elana Caplan
Andy Jassy married Elana Rochelle Caplan in the year 1997. His wife is a fashion designer for Eddie Bauer. Elana did her graduation from the Philadelphia College of Textiles and Science, at the Loews Santa Monica Beach Hotel. Andy and Elana’s father were senior partners in the law firm Dewey Ballantine.
Their wedding was officiated by Elana’s cousin and New York Rabbi James Brandt. The couple has two children. a cousin of Elana.
Person of the Year 2016
Andrew R Jassy was named a Person of the Year by the Financial Times in March 2016. In the same year, he was also promoted from senior vice president to CEO of AWS.
Other than Amazon, Jassy is also the chairman of Rainier Prep, a charter school in Seattle.
Andy Jassy Net Worth
|Net Worth||US$440 million (February 2021)|
|Sellery 2021||Yet to be Update|
|Verification Status of Wealth||Not Verified|
Facts about Andy Jassy, who took over Jeff Bezos as Amazon CEO
Andy Jassy worked with Bezos and other executives to form Amazon’s guiding principles, and in fact, followed them to the T – thereby paving way to Amazon’s writing and data-driven culture, Bloomberg reported. According to Jassy’s current and former colleagues, during weekly operational and product reviews with the boss, Jassy’s questions often address weak areas in a proposal or projections that presenters didn’t completely thought through.
However, the employees said that even while criticising, Jassy never makes any personal attacks, the Bloomberg report added.
Jassy enjoys pushing impossible-seeming deadlines, the report stated, but several Amazon employees said that the new CEO often sought to connect with them on a rather personal level by striking up conversations around music, indie movies and sports.
As part of Amazon Music’s early days that Jassy was a part of, he would often host silly games that brought out his team’s competitiveness, said Cast who supervised Jassy on the music team. “He’s just very, very competitive,” Cast was quoted as saying by Bloomberg.
Furthermore, Jassy is heavily involved in Amazon’s daily operations, which even include editing press releases and marketing materials, assisting in naming products and also giving opinions on setting prices. The Bloomberg report stated that Jassy also monitors Twitter.
In September, the Washington Post declared Jassy the “heir apparent” after another Bezos deputy, Jeff Wilke, retired in August. Wilke ran Amazon’s worldwide consumer business, and was considered a top choice to replace Bezos.
What challenges do Jassy have before him?
Andy Jassy has a worth of roughly $500 million, as per the Bloomberg Billionaires Index. According to the Bloomberg report, Jassy has learnt to take the long view from the outgoing CEO Jeff Bezos. His new role comes amid Amazon facing European inquiries into its usage of stellar data, proposed US legislation that would force the firm to split its logistics wing from its retail website, and a District of Columbia antitrust lawsuit that alleges that the company raised prices on customers.
After Jassy takes over, his focus will not only be on adding more loyal Amazon Prime members and to augment the AWS’s share of technology expenditure, but also on how he leads the company through all the inquiries and antitrust lawsuit.
How Jassy has responded to issues beyond the Amazon walls?
Last December, at an Amazon’s cloud conference, Jassy said that Amazon would do its part in addressing systemic racism in the USA. His statement had come several months after a black Amazon employee sued the company over claims of gender and racial discrimination, Bloomberg reported.
“The reality is for the last several hundred years, the way we treated Black people in this country is disgraceful and something that has to change,” he told during the virtual meet, Bloomberg reported.
At the event, Jassy spoke about the murder of three Black Americans, and the society in general after his acknowledgement of the ongoing coronavirus (Covid-19) pandemic, the report further stated.
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