Amazon names logistics head as new AWS CFO
The Amazon Net Companies brand on the Net Summit in Lisbon.
Henrique Casinhas | Sopa Photos | Lightrocket | Getty Photos
Amazon stated on Thursday that John Felton, the corporate’s prime logistics govt, will take over as chief monetary officer of its AWS cloud computing unit.
In a blog post, Doug Herrington, Amazon’s worldwide retail chief, stated Felton would tackle a brand new position as senior vice chairman and Amazon Net Companies CFO. Udit Madan, Amazon’s vice chairman of transportation, will change Felton.
Felton has been with Amazon for almost 20 years, most not too long ago serving as the top of its worldwide operations division. He is a member of Amazon CEO Andy Jassy’s S-team, which is a tight-knit group of senior executives from nearly all areas of Amazon’s enterprise.
“It has been an important run and a time that I’ll cherish with pleasure,” Felton wrote in a memo to workers. “Excellent news is that I am not going far and am excited to share most of the abilities I realized from you all in Operations with the AWS crew.”
Felton will change AWS’ present CFO Richard Puccio. The Wall Street Journal reported Puccio intends to depart the corporate, citing folks aware of the matter. An Amazon spokesperson pointed CNBC to the corporate’s weblog submit saying the transition.
The management shake-up comes as AWS’ progress charge has slowed in current quarters as some shoppers pulled again their spending resulting from excessive inflation and broader issues concerning the economic system.
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