Amazon names logistics head as new AWS CFO

Amazon names logistics head as new AWS CFO


The Amazon Net Companies symbol at the Internet Summit in Lisbon.

Henrique Casinhas | Sopa Illustrations or photos | Lightrocket | Getty Pictures

Amazon explained Thursday John Felton, the firm’s major logistics govt, will just take about as main fiscal officer of its AWS cloud computing unit.

In a blog put up, Doug Herrington, Amazon’s throughout the world retail chief, mentioned Felton would get on a new position as senior vice president and Amazon World-wide-web Solutions CFO. Udit Madan, Amazon’s vice president of transportation, will change Felton.

Felton has been with Amazon for practically two many years, most a short while ago serving as the head of its worldwide operations division. He is a member of Amazon CEO Andy Jassy’s s-crew, which is a tight-knit team of senior executives from just about all parts of Amazon’s company.

“It has been a great operate and a time that I will cherish with delight,” Felton wrote in a memo to staff members. “Very good news is that I’m not heading considerably and am fired up to share numerous of the capabilities I acquired from you all in Functions with the AWS staff.”

Felton will change AWS’ present CFO Richard Puccio. The Wall Avenue Journal noted Puccio intends to depart the company, citing persons common with the matter. An Amazon spokesperson pointed CNBC to the firm’s blog publish saying the changeover.

The management shakeup arrives as AWS’ expansion fee has slowed in new quarters as some clientele pulled again their investing because of to high inflation and broader issues about the overall economy.



Supply

Palo Alto shares pop as CEO Nikesh Arora buys stock for first time in years
Technology

Palo Alto shares pop as CEO Nikesh Arora buys stock for first time in years

Palo Alto Networks CEO Nikesh Arora disclosed his first share purchase since November 2019, as artificial intelligence disruption fears weigh on the cybersecurity sector. The purchase, disclosed Friday in an SEC filing, totaled 68,085 shares at about $10 million. Wall Street viewed the purchase as an upbeat sign for the downtrodden sector, lifting shares of […]

Read More
Delaware judge reassigns Elon Musk cases after accusation of bias
Technology

Delaware judge reassigns Elon Musk cases after accusation of bias

Elon Musk looks on as President Donald Trump speaks at the U.S.-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Judge Kathaleen McCormick of Delaware said Monday that she’s reassigning cases involving Elon Musk after the Tesla CEO accused […]

Read More
Oil’s record month, TSA pay, the Pokémon card resale market and more in Morning Squawk
Technology

Oil’s record month, TSA pay, the Pokémon card resale market and more in Morning Squawk

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. This article about the future of film studios’ animated slates was the reminder I needed to go see “Hoppers,” as it feels like I’m the only one of my friends who hasn’t. Stock futures are higher this morning as Wall […]

Read More