After 12 years Tom Szkutak is getting set to step down from the office of CFO (chief executive officer) at Seattle-based Amazon. It is a position that Mr. Szkutak has held since he joined the Seattle-based giant in October of 2002. He will remain at the company for the next 9 months transferring his duties over to Brian Olsavsky who will take over in June of 2015.
“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 in a pres release. “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..”
During his time as CFO, Amazon has seen itself grow from a small etailor to the large multimedia behemoth that it today. Some of the most notable areas of growth under Mr. Sxkutak's tenure have been: AWS (Amazon web services), the Kindle line of e-readers, tablets and smartrphone, the Prime network and dozens of acquisitions. One of the biggest criticisms has been the small profits that the company has experienced during the last few years of the rapid expansion.
Before coming to Amazon, Mr. Szkutak attended Boston University where he earned a bachelors degree in finance. He then went on to work at General Electric where he held a number of positions over his 20 years that saw him rise to the rank of CFO from September of 2001- September of 2002. Mr.Szkutak is also an advisory for Amazon subsidiary A9.com, product search engine.
Before joining Amazon in April of 2002 Brian Olsavsky earned a bachelors of science degree in mechanical engineering from Penn State University and a master of business administration degree in finance from Carnegie Mellon University.
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