Amazon confirmed to TechCrunch that Adam Selipsky will resign as CEO of AWS.
In a memo shared internally by Amazon CEO Andy Jassy and posted to the company’s blog this morning, Jassy said AWS sales chief Matt Garman will be promoted to CEO . Garman previously led AWS’s EC2 cloud computing organization.
“We are fortunate that Adam agreed to step in and lead AWS, and he has deftly led the business while also growing his leadership team,” Jassy wrote. “Adam will now move on to the next challenge (after taking a well-earned breather) , Garman will become AWS CEO, effective June 3.”
Selipsky was one of Amazon’s first vice presidents hired at AWS in 2005 and spent 11 years in charge of sales, marketing and support before becoming chief executive of data visualization software Tableau. He returned to Amazon in 2021 to lead AWS.
Prior to running EC2, Garman joined AWS in 2006 as one of its first product managers, eventually becoming general manager of all AWS computing services in 2016. Marketing support and professional services.
Selipsky is thought to have missed the opportunity to generate artificial intelligence – which may have been one of the reasons he was ousted.
According to The Information, AWS originally planned to launch its own generative AI model at its annual meeting in November 2022, similar to OpenAI’s ChatGPT, code-named Bedrock, which eventually became Amazon’s Bedrock model hosting service. Delay launch.
Under Selipsky’s leadership, AWS has also provided opportunities to support two leading generative AI startups, Cohere and Anthropic. AWS later tried to invest in Cohere, but was rejected and had to co-invest in Anthropic with rival Google (albeit a large amount).
Jassy highlighted Selipsky’s accomplishments in the memo, saying Selipsky “took over during the pandemic” and “made the right long-term decisions to help clients become more efficient with their spending, even if it meant short-term revenue.” Reduce” for AWS. “
“Adam has put AWS in a strong position, hitting $100 billion in annual revenue run rate last quarter and with year-over-year revenue accelerating again,” he continued. “I am extremely grateful for Adam’s leadership during this period and the entire team’s dedication to serving our clients and the business.”
The AWS unit’s revenue growth slowed to a record low in 2023, but it remains the leader in cloud computing and one of Amazon’s most profitable business units. In the most recent quarter, AWS generated $9.42 billion in operating revenue, accounting for approximately 62% of Amazon’s total revenue. Jassy recently claimed that AWS’s generative artificial intelligence business alone has reached a “billion-dollar run rate.”
