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

Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at  billion
Technology

Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion

Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people […]

Read More
Defense manufacturing startup Hadrian closes 0 million funding round led by Peter Thiel’s Founders Fund
Technology

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks […]

Read More
Amazon cuts some jobs in cloud computing unit as layoffs continue
Technology

Amazon cuts some jobs in cloud computing unit as layoffs continue

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon is laying off some staffers in its cloud computing division, the company confirmed on Thursday. “After a thorough review of our organization, our priorities, and what […]

Read More