Although many had expected Jesse Bezos to succeed Amazon, the company kept succession plans quiet.
Gacy joined Amazon In 1997 he has led the company’s cloud web services team since its inception, and it has made the commercial giant a great profit.
“I am delighted to announce that in the third quarter of this year I will move to the position of CEO of the Amazon Board of Directors, and Andy Gacy will become CEO,” Bezos said in a speech to employees.
In his speech, Bezos added that he would focus in his new role “on new products and early initiatives. Andy is well known within the company and has been at Amazon almost since I was there. He will be an outstanding leader, and he has my full confidence.”
This news coincided with the quarterly earnings report. In the fourth quarter, Amazon recorded about $ 100 billion for the first time, and the cloud computing division, managed by Gacy, grew by 28 percent.