![]() Bezos, on the other hand, was less reliant on other engineering execs because he was always confident in his technical chops, the person said. Jassy doesn't have an engineering background, unlike previous CEO Jeff Bezos, and he leaned heavily on Hamilton during their time at Amazon Web Services, the person said. Hamilton's promotion to the executive S-team is a symbolic move that reflects Jassy's trust and reliance on the long-time engineer, according to a person familiar with the move. The list shows how Jassy wants to largely keep the same leadership structure as he settles into his new job, while adding engineering expertise, an area of perceived weakness for Jassy, who has no formal technical background. He now reports to Jeff Blackburn, a long-time executive who returned this year to lead the newly created Global Media & Entertainment group, which oversees Amazon's video, studios, and video game businesses. Meanwhile, Mike Hopkins, SVP of Amazon Video and Studios, is no longer part of the Amazon CEO's direct reports, as the company had previously announced. Sara Duffer, who was Jassy's technical advisor since late 2020, currently holds the job. Jassy has also brought back the technical advisor position, a highly coveted role internally known as the "Shadow," which Bezos had stopped keeping in recent years. Hamilton is the only full-time executive among Jassy's previous direct reports at AWS to get promoted, following his addition to the company's executive "S-team" earlier this month. VP and Distinguished Engineer James Hamilton, one of the most respected technical leaders at Amazon who played an instrumental role in growing the AWS cloud business, is now part of the Amazon CEO's direct reports. Jassy, the former CEO of Amazon Web Services, has added two new executives to the list of direct reports he's inherited from former CEO Jeff Bezos, while removing a top entertainment leader, according to an internal org chart obtained by Insider. Less than two weeks into his new job, Amazon CEO Andy Jassy is already making his mark on the company with several high-profile changes to his top inner circle of executives. See more stories on Insider's business page.Mike Hopkins, SVP of Videos and Studios, was pushed a layer below, under Jeff Blackburn, SVP of Global Media & Entertainment.He has promoted two new executives, including James Hamilton, a VP and distinguished engineer who closely advised Jassy at AWS.Amazon's new CEO, Andy Jassy, has already started making changes to the direct reports he inherited from outgoing CEO Jeff Bezos.© 2023 NYP Holdings, Inc.Account icon An icon in the shape of a person's head and shoulders. The company plans to stop its prior biannual stock grants to Jassy, aiming for the award disclosed Friday to represent most of his compensation for the coming years, a person familiar with the matter told Reuters.Īmazon also will make arrangements to provide for Jassy’s personal security, according to the filing. Other Big Tech CEOs, like Microsoft’s Satya Nadella (left) and Apple’s Tim Cook (right, with China’s Internet czar Lu Wei standing between them at a 2015 Microsoft event) remain more highly compensated than Amazon’s incoming CEO Andy Jassy. Apple’s Tim Cook had $281.9 million in stock vest, according to its 2021 proxy.Īnd Bezos, despite a smaller salary, has been the world’s richest person thanks to his being the largest shareholder in Amazon. Microsoft’s Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, a filing showed. That’s still smaller than rival CEOs in the technology industry. On top of that, he has $45.3 million in previously awarded stock that is vesting this year, and he had $41.5 million in shares that vested in 2020. Jassy’s base salary has been $175,000, filings show. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away. The award’s exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that’s worth $1.77 trillion today. ![]() Jeff Bezos’ wealth balloons by $12 billion as Amazon stock soars 11 percentĪmazon plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.Īmazon will record the grant of 61,000 shares on July 5, the filing said, the date that Jassy succeeds Jeff Bezos in the online retailer’s first CEO transition since its founding in 1994. Amazon scraps several private label clothing brandsĪmazon workers furious over return to office warning: ‘Is this supposed to scare people?’Īmazon to ride Prime-Day wave and host sale event in October
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