financetom
Business
financetom
/
Business
/
Update: Amazon Says AWS CEO Adam Selipsky to Step Down, Matt Garman to Take Over
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Amazon Says AWS CEO Adam Selipsky to Step Down, Matt Garman to Take Over
May 14, 2024 7:41 AM

10:07 AM EDT, 05/14/2024 (MT Newswires) -- (Updates to add details in the second and third paragraphs.)

Amazon.com ( AMZN ) announced Tuesday that Adam Selipsky will step down as chief executive of AWS and that Matt Garman will replace him, effective June 3.

Selipsky spent 15 years in AWS, while Garman has been with AWS for 18 years, most recently serving as the head of sales, marketing, support and professional services, the company said.

There will be some organizational adjustments to be announced in the coming weeks as part of the transition, the company said.

Price: 184.27, Change: -2.30, Percent Change: -1.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US State Dept OKs potential $5 bln sale of Patriot missiles to Germany
US State Dept OKs potential $5 bln sale of Patriot missiles to Germany
Aug 15, 2024
WASHINGTON, Aug 15 (Reuters) - The U.S. State Department has approved the possible sale of up to 600 Patriot missiles to Germany for an estimated cost of $5 billion, the Pentagon said on Thursday. The prime contractor will be Lockheed Martin ( LMT ), the Pentagon said. ...
Lykos to cut 75% of its workforce after FDA setback for MDMA-based PTSD drug
Lykos to cut 75% of its workforce after FDA setback for MDMA-based PTSD drug
Aug 15, 2024
Aug 15 (Reuters) - Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder. Lykos, formerly known as MAPS Public Benefit Corp, said its founder Rick Doblin was leaving the company's board. It said it...
Mars' $36B Kellanova Deal: Analysts See Minimal Category Overlap, No Competing Bids
Mars' $36B Kellanova Deal: Analysts See Minimal Category Overlap, No Competing Bids
Aug 15, 2024
In a standout M&A move, Mars, Inc. has agreed to acquire Kellanova ( K ) for $83.50 per share, marking a 44% premium over its 30-day average price. The $35.9 billion transaction is anticipated to be finalized in the first half of 2025, subject to shareholder and regulatory approvals. Here’s what analysts are saying about the deal: RBC Capital Markets...
Helmerich & Payne Secures $400 Million Term Loan, Extends Revolver
Helmerich & Payne Secures $400 Million Term Loan, Extends Revolver
Aug 15, 2024
03:10 PM EDT, 08/15/2024 (MT Newswires) -- Helmerich & Payne (HP) said Thursday it secured a $400 million term loan facility. The loan will help finance the company's $1.97 billion acquisition of drilling firm KCA Deutag International. Meanwhile, the company said its lenders agreed to raise the upper limit of its revolving credit facility to $950 million from $750 million...
Copyright 2023-2026 - www.financetom.com All Rights Reserved