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Amazon names logistics chief as new AWS CFO

by SuperiorInvest

The Amazon Web Services logo at the Lisbon Web Summit.

Henrique Casinhas | soup images | Light rocket | fake images

Amazon John Felton, the company’s top logistics executive, will take over as chief financial officer of its AWS cloud computing unit, said Thursday.

In a blog post, Doug Herrington, Amazon’s global retail chief, said Felton would take on a new role as senior vice president and chief financial officer of Amazon Web Services. Udit Madan, Amazon’s vice president of transportation, will replace Felton.

Felton has been at Amazon for nearly two decades, most recently serving as head of its global operations division. He is a member of Amazon CEO Andy Jassy’s team, which is a tight-knit group of senior executives from nearly every area of ​​Amazon’s business.

“It has been a great career and a moment I will cherish with pride,” Felton wrote in a memo to staff. “The good news is that I’m not going too far and I’m excited to share many of the skills I learned from all of you in Operations with the AWS team.”

Felton will replace current AWS CFO Richard Puccio. The Wall Street Journal reported that Puccio intends to leave the company, citing people familiar with the matter. An Amazon spokesperson pointed CNBC to the company’s blog post announcing the transition.

The leadership shakeup comes as AWS’s growth rate has slowed in recent quarters as some customers cut spending due to high inflation and broader concerns about the economy.

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