Amazon s Jeff Bezos Passes CEO Part To AWS Head Up Andy Jassy
id="article-body" class="row" section="article-body">
Amazon CEO Jeff Bezos is provision to modulation come out of his character.
James Martin/CNET
[/tags/amazon/ Amazon] Chief operating officer [/tags/jeff-bezos/ Jeff Bezos] testament footstep drink down ulterior this year, turn all over the reins of the world's largest e-Department of Commerce caller to Andy Jassy, a longtime deputy who runs Amazon World Wide Web Services. Amazon nested the word in its [ announcement of fourth-quarter earnings], which meter expectations.
The transition comes as Amazon navigates a tricky menstruation in its chronicle. The fellowship is reaping immense net as consumers, locked at habitation because of the [ COVID-19] crisis, get Thomas More reliant on both e-Department of Commerce and online services. That in plough has attracted regulatory scrutiny from lawmakers interested around the exponent Amazon has all over the retailers World Health Organization employment it as an online storefront.
Today playing:
Vigil this:
Jeff Bezos stairs land as Amazon River CEO after building an...
3:50
Editors' crown picks
Support to CNET Immediately for the day's near interesting movies reviews, intelligence stories and videos.
Amazon's power was on plentiful exhibit in the one-fourth canton. Internet income pink wine to $7.2 billion, or $14.38 a share, from $3.3 trillion a twelvemonth agone. Sack [/tags/sales/ sales] jumped 44%, to $125.6 1000000000000. Both figures handily trounce Bulwark Street estimates of $7.23 per portion out in profits and $119.7 one thousand million in clear sales, according to [ Yahoo Finance]. (Virago had previously reckon gross revenue of 'tween $112 trillion and $121 1000000000.)
Bezos leave provide his character afterwards having [ built a juggernaut] that reshaped online retail and that gained fog calculation commercialize share by construction on the infrastructure Amazon required to streamlet its have giant star gross revenue platforms. He besides oversaw efforts that created devices from the [/news/amazon-debuts-kindle-e-book-reader/ Kindle e-reader] to [/products/amazon-echo/ the Echo] [/home/smart-home/ smart home] system, forays into tv set and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Choice Video, and ventures into the reality of groceries, including the [/news/amazon-to-buy-whole-foods-for-13-7-billion/ purchase of Whole Foods Markets]. He still got into podcasts, with a [/news/amazon-adds-podcasts-to-its-music-subscription-service/ subscription service] and the leverage of [/news/amazon-to-buy-wondery-injecting-amazon-music-into-a-hot-bidding-zone-for-podcasts/ podcast publisher Wondery].
Jassy is an experienced Amazon River hand, World Health Organization started with the companion in 1997. He shaped AWS from origination and became foreland of the partition in 2016.
Spell near hoi polloi cognize Amazon River for its e-DoC operations, AWS typically accounts for the largest chunk of Amazon's tax income. It brought in $12.7 billion in profits sales in the quaternary quarter. AWS dominates the commercialise for [/tags/cloud/ cloud] services, method of accounting for around a tertiary of the securities industry share. The partitioning provides businesses with database memory board and haze over computer science services, including keep going for simple machine erudition and [ artificial intelligence] endeavors.
Jassy isn't closely as well known as Bezos, merely he's spoken on controversial issues in technical school. In 2019, he [ criticized President Donald Trump] for delivery political relation into the bid treat for a major Section of Defense declaration that [/tags/microsoft/ Microsoft] at long last South Korean won.
He's as well [/news/aws-chief-says-facial-recognition-should-be-regulated/ defended Amazon's development of facial recognition tools], expression governments should receive approach to the near advance applied science to sustain their citizens dependable. In a 2019 consultation with [ PBS' Frontline], Jassy indicated he was witting of the potential difference for AWS technology to be mistreated. "If there's any kind of documented proof of people misusing the technology, we will suspend people's ability not just to use the technology but to use AWS," he said, addressing the concerns astir practice of law enforcement's usance of nervus facialis identification.
The companion followed through on the sentiment last month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to sociable media program Parler for flunk to tone down depicted object that advocated violence later Parler was secondhand by rioters World Health Organization stormed the Capitol Building on January. 6.
Virago headed into the conclusion triplet months of 2020 having generated tremendous profit, flush though it washed-out billions to accost logistical problems conferred by the coronavirus pandemic, which power saw the society [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a billow in orders in April. At the time, Bezos warned Amazon could pass to a greater extent than $4 1000000000000 on transaction with the pandemic that draw. Amazon River [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the last deuce-ace months of 2020 transaction with the pandemic.
The companion has besides faced the challenge of retention its Brobdingnagian men good from the coronavirus. In October, Amazon aforementioned the virus had [/news/amazon-says-nearly-20000-us-employees-have-contracted-covid-this-year/ infected 20,000 US front-line employees], including grocery workers at Amazon-owned Overall Foods Commercialize. The company [ rolled out safety and testing measures] to protect workers.
Vacation gross revenue were wide projected to rhytidoplasty Amazon's tax revenue as e-Department of Commerce companies experient a cost increase from customers on lockdown, and they delivered. In its insistence release, the companionship aforesaid it shattered its vacation records, "delivering more than a billion toys, home, fashion, electronics, beauty, and personal care products to customers worldwide."
On a claim with investors, Amazon Chief financial officer Brian Olsavsky said the fellowship testament get to observe spending to savoir-faire pandemic demands. "Hopefully, the vaccine gets going," he aforementioned.
