Adam Selipsky, CEO AmazonHe will resign from the company next month as he heads up the cloud computing business declare Tuesday.
Amazon said Matt Garman, senior vice president of sales and marketing for Amazon Web Services, will succeed Selipsky when he exits the company on June 3.
In a memo to employees, Selipsky said he was leaving AWS after about 14 years to spend more time with his family and said the cloud computing business’s “future is bright.”
“Given the state of the business and leadership team, now is the right time for me to make this transition and take this opportunity to spend more time with my family, recharge, and create some mental free space to reflect and consider possibilities. ,” Selipsky wrote.
Amazon Chief Executive Andy Jassy wrote in a separate memo that Selipsky “has skillfully led the business” and said Garman, an 18-year veteran of the company, “has the right Extraordinarily powerful skills and experience for its new role”.
In 2021, after Amazon announced that Jassy would succeed Jeff Bezos as Amazon CEO, many people speculated that Garman would succeed Jassy as the head of AWS. Instead, Amazon hired then-CEO Selipsky. sales forceOwns data visualization software maker Tableau in this role.
During Selipsky’s three years as CEO, AWS’s business faced a number of challenges, including a significant slowdown in revenue growth as rising interest rates caused the company to cut back on cloud spending. AWS has gone through at least two rounds of layoffs since last year, resulting in more than 27,000 employees being laid off as part of broader layoffs at the company.At the same time, it must cope with a surge in demand for generated artificial intelligence services, driven primarily by Microsoft– Support OpenAI.
AWS remains the leader in the cloud and remains one of Amazon’s most profitable business units. In its most recent quarter, it generated $9.42 billion in operating income, accounting for about 62% of Amazon’s total revenue.
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