Bezos said he expects that Jassy — who has been at the company for 24 years and risen through its ranks to run its most profitable division — will be "an outstanding leader."
"He has the highest of high standards and I guarantee Andy will never let the universe make us typical," Bezos said. "He has the energy needed to keep alive in us what has made us special."
When Jassy leaves the top post at AWS to run Amazon, he will be replaced by Tableau CEO Adam Selipsky, the company said in March
Jassy will take over an increasingly complex and scrutinized business, as evidenced both by news early Wednesday that Amazon is buying MGM
for $8.45 billion and by some of the issues raised at the shareholder meeting shortly after.
Among the shareholder proposals introduced during the meeting — all of which were voted down — was one that would have allowed an hourly fulfillment associate to serve on the company's board. While unsuccessful, the motion underscored the criticism Amazon has faced over its treatment of warehouse workers recently, especially following a landmark union drive
at one of its warehouses in April, which failed in the face of pushback from the company.
During the shareholder meeting, Bezos was asked about the massive size of Amazon's business. The question came after the District of Columbia filed an antitrust lawsuit
against the company Tuesday, alleging it has abused its market dominance in e-commerce to harm competition. (In a statement at the time, Amazon pushed back at the lawsuit, saying the DC attorney general "has it exactly backwards.")
"I'd say we face intense competition from well-established companies everywhere we do business, in every industry," Bezos said. "[Retail is] a very healthy industry and it's far from a winner-take-all situation."
Bezos also listed some of Amazon's newer bets that Jassy will have to manage, including its telehealth offering, Amazon Care
, and its satellite internet effort, Project Kuiper
"None of these ideas are guaranteed to work," Bezos said. "All of them are gigantic investments and they're all risks. ... Our whole history as a company is about taking risks, many of which have failed and many of which will fail, but we'll continue to take big risks."