Adam Selipsky, who led Amazon Web Services through significant growth, will step down after a three-year term, with Matt Garman taking over. His tenure saw AWS doubling sales to $90.8 billion and operating income to $24.6 billion.
Despite its rapid growth under Selipsky, AWS faced criticism for the slow rollout of competitive AI services. Amazon Q chatbot was recently released. Microsoft's Azure and Alphabet's Google pose strong competition.
Selipsky mentioned leaving to 'spend more time with family.' AWS, contributing about 40% to Amazon's revenue, faces pressure from Azure and upcoming AI services from Google. Garman, an Amazon veteran, will succeed Selipsky.
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