Amazon grants 61,000 shares to new CEO Andy Jassy


Andy Jassy, ​​CEO of Amazon Web Services.

Patrick T. Fallon | Bloomberg | Getty Images

Amazon said in a deposit Friday that he will grant Andy Jassy 61,000 shares on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a period of ten years.

The grant represents financial recognition of a high-priority leadership change for one of the world’s largest technology companies.

Bezos founded Amazon in 1994 and is today the richest person in the world, with a net worth of nearly $ 200 billion, according to Bloomberg. Now he’s putting the entire business under a trusted executive who has led Amazon Web Services since its inception, helping Amazon grow beyond commerce and make the business more profitable.

After being the shadow of Bezos, Jassy led the company’s move towards technology that businesses could use to run IT workloads and store data in Amazon’s data centers, the first services. having arrived in 2006. Today, the company leads the market, with Microsoft, Google and other companies trying to catch up.

The additional shares are worth $ 214 million at Amazon’s Friday closing price of $ 3,510.98 per share. In addition to the price, Jassy owns 0.02% of Amazon’s stock, worth more than $ 300 million, according to FactSet.

Jassy’s successor as head of AWS is Adam Selipsky, who joined Amazon from Salesforce earlier this year.

LOOK: The week ahead: Bezos to step down as CEO of Amazon


Comments are closed.