Amazon (AMZN) names Matt Garman as CEO of AWS
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Amazon's cloud unit chief to step down after three years
May 14, 2024 9:33 AM EDTBy Akash Sriram and Greg Bensinger
(Reuters) -The chief of Amazon.com's wildly profitable Amazon Web Services cloud computing unit will step down next month after a three-year term, the company said on Tuesday.
Adam Selipsky, 57, who is also a member of Amazon's team advising CEO Andy Jassy, will leave the company on June 3. He will be replaced by Matt Garman, a senior vice president who has overseen sales and marketing at AWS.
Selipsky has spent 14 years at AWS over two stints. He was the CEO of Tableau Software, a unit of Salesforce, from 2016 to... More
Andy Jassy makes AWS leadership announcement (AMZN), says Matt Garman will become CEO of AWS
May 14, 2024 9:26 AM EDT(Updated - May 14, 2024 9:28 AM EDT)
Amazon (NASDAQ: AMZN) announced:
This morning, Andy Jassy, Adam Selipsky, and Matt Garman shared the following messages with our teams.
A little over three years ago when Jeff announced my new role, one of my first jobs was to identify whod take over and lead AWS. It was important to me that we had somebody who understood AWS, valued our culture, would provide strong continuity, and could keep growing the business. We had strong leaders in AWS, several of whom could lead... More
Oppenheimer Positive on Walmart (WMT): 'WMT remains a top pick for us'
May 13, 2024 7:18 AM EDTOppenheimer analyst Rupesh Parikh reiterated an Outperform rating and $67.00 price target on Walmart (NYSE: WMT).
The analyst comments "WMT will report Q1 results on 5/16. Ahead of the print, we spent time reviewing the setup and also assessing the competitiveness of AMZN's new grocery... More
Amazon to invest $1.3 billion in France, create 3,000 jobs
May 13, 2024 2:13 AM EDTBy Supantha Mukherjee
STOCKHOLM (Reuters) - Amazon said on Monday it would invest more than 1.2 billion euros ($1.3 billion) in its French operations and create more than 3,000 permanent jobs in the country.
The French presidency had said on Sunday that Amazon and other companies, including GSK and Accenture, would announce investments worth billions as part of the... More
Amazon (AMZN) call put ratio 2.3 call to 1 put as share price near record
May 10, 2024 10:57 AM EDTAmazon (NASDAQ: AMZN) 30-day option implied volatility is at 23; compared to its 52-week range of 23 to 49. Call put ratio 2.3 call to 1 put as share price near record.
... More