SEATTLE--(BUSINESS WIRE)--Sep. 3, 2014--
Amazon.com, Inc. (NASDAQ: AMZN) today announced that Thomas J. Szkutak,
Senior Vice President and Chief Financial Officer, will retire from the
company in June 2015. Mr. Szkutak has been Amazon’s CFO since joining
the company in October 2002 and oversees the controller, treasury,
investor relations, tax, internal audit and facilities functions as well
as financial management of the company’s business units. Brian T.
Olsavsky, Vice President of Finance for the company’s global consumer
business, will succeed Mr. Szkutak as CFO, reporting to Jeffrey P.
Bezos, founder and CEO of Amazon. Messrs. Szkutak and Olsavsky will work
together to conduct a seamless transition of CFO responsibilities over
the next 10 months.
“Tom’s impact over the past 12 years is evident in every part of our
business. Under Tom’s stewardship, customers have benefitted from
category expansion and geographical expansion, along with amazing new
businesses like AWS and Kindle,” said Jeff Bezos. “The day Tom joined
the company was a very lucky one for Amazon’s shareowners and customers
and for all of us who’ve had the pleasure and fun of getting to work
with him. We wish Tom and his family all the best in their next round of
“It’s been a privilege for me to work with so many talented people who
are continually inventing on behalf of customers, and now I look forward
to spending more time with my family and other outside interests,” said
Tom Szkutak. “I’ve worked very closely with Brian Olsavsky over the past
12 years and have seen firsthand how talented he is, and I have
confidence that he will be a great CFO for Amazon.com.”
Mr. Olsavsky joined Amazon in April 2002 as Vice President of
Finance. He has held numerous financial leadership roles across Amazon
with global responsibility. Prior to joining Amazon, he was employed by
Fisher Scientific International for 7 years in a variety of financial
and business management roles. Mr. Olsavsky graduated from Pennsylvania
State University with a B.S. degree in Mechanical Engineering in 1985
and received an M.S. degree in Industrial Administration from Carnegie
Mellon University in 1989.
Amazon opened on the World Wide Web in July
1995. The company is guided by three principles: customer obsession
rather than competitor focus, passion for invention, and long-term
thinking. Customer reviews, 1-Click shopping, personalized
recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct
Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of
the products and services pioneered by Amazon.
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