After 27 years at the helm of Amazon, founder Jeff Bezos officially stepped down as CEO. Taking his place is Andy Jassy. The reaction of most Americans was “Who?” Jassy ran Amazon’s cloud computing division, Amazon Web Services (AWS). During its growth, Amazon had become quite good at building and managing tech infrastructure services like databases, storage, and computing. In 2003, AWS was formed with its first products launching in 2006 under the leadership of Jassy. Amazon’s share of the cloud computing market isn’t just impressive—it is massive. Amazon’s AWS division rakes in more than 3X the amount of revenue as its next closest competitor, Google, and accounted for 63% of Amazon’s operating profit in 2020. (Chart from Chartr.co)
Jeffrey Cerny