Matt Garman to fill in as AWS CEO after Adam Selipsky steps down

Amazon Web Services CEO Adam Selipsky will step down, handing over the reins of the cloud business to long-time insider Matt Garman, who will take on the role at AWS, effective June 3.

The development comes at a time when AWS’ dominance is under pressure from Microsoft's fast-growing Azure service that is benefiting from AI offerings powered by its tie-up with OpenAI. AWS however has the largest share in the U.S. cloud market.

“We were fortunate that Selipsky agreed to step in and lead AWS, and has deftly led the business, while also developing his leadership team,” Amazon CEO Andy Jassy said in a blog post.

“Selipsky is now going to move onto his next challenge (after taking a well-deserved respite),” he added.

Under the leadership of Selipsky, the team designed and released new services which includes many significant Generative AI services like Amazon Bedrock and Amazon Q.

Selipsky leaves AWS in a strong position, having reached a $100 billion annual revenue run rate this past quarter, with YoY revenue accelerating again.

the state of the business and the leadership team, now is an appropriate moment for me to make this transition, and to take the opportunity to spend more time with family for a while, recharge a bit, and create some mental free space to reflect and consider the possibilities,” said Selipsky.

In 2005, Garman joined Amazon as an MBA intern and in 2006 he became one of the first AWS product managers.

“In 2020, after having been deeply involved in our product organization for 14 years, I asked Garman to move to the demand generation side of AWS to lead WW Sales, Marketing, Support, and Professional Services,” said Jassy.