Amazon’s Chief Financial Officer to Retire in Summer of 2015

  Amazon’s Chief Financial Officer to Retire in Summer of 2015

Business Wire

SEATTLE -- September 3, 2014, 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 adventures.”

“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”

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.

Contact:, Inc.
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