Amazon's CEO of Cloud Computing Business to Step Down, Replaced by AWS Executive

Published: 14 May 2024 at 14:34

Business

Adam Selipsky, CEO of Amazon's cloud computing business, is stepping down next month due to rapid growth at AWS; Matt Garman will replace him on June 3. AWS has reached a milestone of generating a $100 billion run rate and plays a key role in Amazon's AI strategy. Selipsky's tenure during the pandemic saw the cloud division's sales growth, with last quarter revenue at $25 billion. Selipsky mentioned spending more time with family as a reason for his departure.

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