Andy Jassy is going to step in as the second retailer CEO after Jeff Bezos on Monday. This is indeed a big day for Amazon and Amazon is actually granting Andy Jassy 61,000 of the shares of stock on Monday. This will vest over a period of 10 years. This will be one day that is going down in history for one of the top tech monsters in the market.
Jeff Bezos founded Amazon in 1994 and today he is known as the world’s richest person. He has a net worth of 200 million dollars. Now he is handing over the company to his trusted executive who had been a part of Amazon from the very beginning. He had been right alongside Jeff Bezos since the very inception of Amazon and has also contributed a lot to the worldwide growth and development of the company.
He had played a huge role for Amazon and thus it is fair that he is getting appointed as the next and second CEO of Amazon. No one is complaining about the choice because he seems very vested in Amazon and there isn’t probably anyone more suited to the job than him. 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 Friday closing price of $3.510.98 per share. In addition to the award, Jassy owns 0.02% of Amazon stock, worth more than $300 million, according to FactSet. So we are all waiting for the official take over to take place on Monday that is to come.