4 Things to Know About New Amazon CEO Andy Jassy

This week marks the beginning of a new era at Amazon, as founder and longtime CEO Jeff Bezos handed the reins to Andy Jassy on Monday. Bezos, whose wealth ballooned to a record $211 billion during his tenure leading the technology and e-commerce behemoth, will remain executive chairman of Amazon’s board, but he will also have his hands full with other projects. The first of these will come on July 20 when he blasts himself briefly into space on the inaugural passenger flight of his space travel company, Blue Origin. Jassy, meanwhile, will remain earthbound, taking charge of one of the world’s largest companies. Here’s what you need to know about Amazon’s new CEO: 1. He has worked at Amazon for 24 years. Jassy joined Amazon in 1997, three years after Bezos founded the company. That year, Amazon went public, and in its shareholder letter, Bezos outlined a vision for the company that remains true to this day: a relentless focus on customers, a long-term view of shareholder value through the pursuit of market leadership, and a “cost-conscious culture” that weighted employee compensation to stock options rather than cash. 2. He rose through the ranks to lead Amazon Web Services (AWS), the company’s cloud-computing

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