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Amazon's big leadership shift and other major exec moves

Jul 10, 2021, 18:59 IST
Business Insider
Andy Jassy and Adam Selipsky are in charge now Mike Blake/Reuters and Tableau

Hello, and welcome to the latest edition of the Insider Tech weekly newsletter, where we break down the biggest news in tech, including:

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Alexei is out on vacation this week, so it's Jillian D'Onfro, enterprise tech editor, here to fill you in.

Did someone forward this newsletter to you? Sign up here.

This week: Jeff Bezos officially gave up the Amazon throne

As Bezos prepares to blast into space, Andy Jassy has officially assumed the CEO title while former Tableau exec Adam Selipsky is taking his place at the helm of $54 billion cloud business Amazon Web Services.

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People moves: Facebooker defecting and a Googler off to New Zealand

Fidji Simo, who was one of Facebook's top women execs, is taking the helm at Instacart Michael Kovac/Getty Images for Moët and Chandon

The leader of Facebook's flagship "big blue" app is leaving after a decade to take over $39 billion food delivery firm Instacart.

Fidji Simo will be taking over at a pivotal time, as the startup tries to quietly build an advertising powerhousee and prepares to go public.

In a more contentious overseas move, senior Google executive Urs Hozle announced plans to jet off to New Zealand for a year, sparking outrage from workers pointing out that he'd opposed the perma-remote lifestyle for lower-level employees.

While it's one of the first high-profile instances of post-pandemic double standards around remote work, it's just the latest sign of internal turmoil at Google. Also this week:

Quote of the week:

Notable YPO members include Heidi Zak, ThirdLove cofounder and co-CEO; Leah Solivan, general partner at Fuel Capital; Spencer Rascoff, general partner at 75 & Sunny Ventures; and Allison Long Pettine, managing partner at Ridge Group Investments and founding partner at Ad Astra. ThirdLove; Fuel Capital; Pacaso; Ad Astra; Melia Russell/Insider

"Talk about Nothing that is said in forum to Nobody under any circumstances. Never means forever."

- The internal code of conduct for a secretive and ultra-exclusive club for young CEOs. Strict rules help executives feel safe talking freely about the challenges of running their companies, prompting them to pony up thousands of dollars for membership.

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Recommended readings:

12 companies Zoom could buy as it expands beyond video conferencing, according to analysts

Delivery's richest CEO has been quietly funding 2 ghost kitchens

Former Uber execs are going after Uber and Lyft's cheapest rides with MIT tech and public-transit partnerships

Silicon Valley continues its 2021 funding hot streak with a second straight quarter over $20 billion

Thanks for reading, and if you like this newsletter, tell your friends and colleagues they can sign up here to receive it.

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- Jillian

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