Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Airbus Joins Air India A320 Altitude Drop Probe 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
ADNOC Gas Targets Up to $4B Profit in 2026 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Add as a preferred source on Google
Amazon announced on Tuesday, March 23, that it had assigned Adam Selipsky to be its Amazon Web Services new chief executive officer. He will effectively replace Andy Jassy, who is stepping down to be Jeff Bezos’ successor as the company’s head.
Selipsky is now confirmed to lead Amazon’s cloud computing unit, and it was reported that he is already very familiar with the company and its AWS division since he actually worked here in the past.
The new AWS chief background
As per Reuters, Selipsky was one of the first vice presidents who was hired in AWS in 2005. At that time, he managed the division's marketing, sales and provided overall support to the team for 11 years.
He left Amazon and, in 2016, became the CEO of Salesforce’s Tableau Software unit, an American cloud-based software company headquartered in California. With his dedication to work in the company, he is being credited for increasing its value by almost four times in just a few years.
Now he is returning to Amazon on May 17 as Jassy is set to leave his post to take on a higher job post. In any case, the AWS platform is being used by various companies, including startups and big corporations, and with Selipsky’s leadership, it is hoped that the division will grow further.
“Adam brings strong judgment, customer obsession, team building, demand generation, and CEO experience to an already very strong AWS leadership team,” Andy Jassy wrote in Amazon’s blog. “And, having been in such a senior role at AWS for 11 years, he knows our culture and business well.”
Why Selinky's leadership was sought by Amazon
CNBC reported that although Selipsky was not working in the company when he was hired again, his name has been listed as one of the top candidates to replace Jassy. This is not only because he already held a major job role in the company, but it is because he also has a good relationship with the incoming Amazon CEO.
Finally, Adam Selipsky is said to be considered a rising star due to his big contributions to Salesforce after it acquired Tableau. Its CFO, Mark Hawkins description of Selipsky also says it all as to why he is a “star” in the business world.
“It’s a best-in-class, unique asset in the world. Great leadership team, great CEO with Adam Selipsky and the management team,” he said in December last year.
