Amazon awards 61,000 shares to incoming CEO Andy Jassy

Andy Jassy, ​​CEO of Amazon Web Services.

Patrick T. Fallon | Bloomberg | fake images

Amazon said in a filing on Friday that it will award Andy Jassy 61,000 shares on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will be consolidated for a period of ten years.

The grant represents financial recognition of a high-priority leadership change for one of the world’s leading technology companies.

Bezos founded Amazon in 1994 and today he is the richest person in the world, with a net worth of nearly $ 200 billion, according to Bloomberg. You are now handing over the entire business to a trusted executive who has run Amazon Web Services from its inception, helping Amazon expand beyond commerce and making the business more profitable.

After serving as Bezos’ shadow, Jassy led the company’s push toward technology that companies could use to run computing workloads and store data in Amazon’s data centers, with the first services arriving in 2006. Now the company leads the market, with Microsoft, Google and other companies trying to catch up.

The additional shares are worth $ 214 million at Amazon’s closing price on Friday of $ 3.510.98 per share. In addition to the award, Jassy owns 0.02% of Amazon shares, worth more than $ 300 million, according to FactSet.

Jassy’s successor as head of AWS is Adam Selipsky, who rejoined Amazon from Salesforce earlier this year.

LOOK: The following week: Bezos steps down as CEO of Amazon

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