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

SoftBank CEO says he’s ‘all in’ on OpenAI, reveals he’s long wanted Microsoft’s spot as main backer
Technology

SoftBank CEO says he’s ‘all in’ on OpenAI, reveals he’s long wanted Microsoft’s spot as main backer

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty Images SoftBank is “all in” on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of […]

Read More
SpaceX crane collapse in Texas being investigated by OSHA
Technology

SpaceX crane collapse in Texas being investigated by OSHA

The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty Images A SpaceX crane collapse at the company’s Starbase, Texas facility on Tuesday has prompted an investigation by the Occupational Safety and Health Administration, the federal agency told CNBC in […]

Read More
Core Scientific shares surge 33% on report of buyout talks with CoreWeave
Technology

Core Scientific shares surge 33% on report of buyout talks with CoreWeave

Piotr Swiat | Lightrocket | Getty Images Core Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider. The company’s stock was briefly halted after the report, and then proceeded to have its second-sharpest […]

Read More