In a significant move within the tech industry, Amazon Web Services (AWS) CEO Adam Selipsky has announced his decision to step down from his position, effective June 3rd. His departure marks the end of a 14-year tenure at AWS, during which he played a pivotal role in driving the growth and success of Amazon’s cloud computing division.
Replacing Selipsky as the new CEO of AWS will be Matt Garman, a seasoned veteran with nearly 18 years of experience at Amazon. Garman, currently serving as the Senior Vice President of AWS sales, marketing, and global services, brings a wealth of knowledge and expertise to his new role. His extensive tenure at Amazon, coupled with his deep understanding of AWS, makes him well-suited to lead the cloud business into its next phase of growth and innovation.
Selipsky’s departure comes at a crucial juncture for AWS, as the cloud computing market continues to evolve rapidly. While AWS remains the market leader in the U.S. cloud market, it faces increasing competition from rivals such as Microsoft Azure, which has been gaining momentum with its AI-powered offerings.
During Selipsky’s tenure, AWS emerged as one of Amazon’s most profitable business units, contributing significantly to the company’s overall revenue. Under his leadership, AWS achieved several milestones, including reaching a $100 billion annual revenue run rate and accelerating year-over-year revenue growth.
Garman’s appointment as CEO signals a seamless transition within AWS leadership. Having joined Amazon as an intern in 2005, Garman has risen through the ranks to become a key executive within the organization. His diverse experience across various roles within AWS, including product management and sales, positions him well to steer the cloud business forward.
In a statement addressing the leadership change, Amazon CEO Andy Jassy expressed confidence in Garman’s ability to lead AWS into the future. Jassy highlighted Garman’s strong track record of leadership, customer focus, and innovative thinking as key factors that make him the ideal candidate for the role.
Garman’s leadership will be instrumental in guiding AWS through its next phase of growth and innovation. As cloud computing continues to play an increasingly central role in modern business operations, AWS remains well-positioned to capitalize on emerging opportunities and maintain its leadership position in the market.
