Amazon Web Services (AWS) CEO Adam Selipsky will step down, the company announced on Tuesday. Selipsky will hand over leadership of the retail giant’s crucial cloud business to long-time insider Matt Garman.

Effective June 3, Senior Vice President Matt Garman will assume Selipsky’s role at AWS. The transition comes at a pivotal moment for AWS, which generates a significant portion of Amazon’s profit. Despite holding the largest share in the U.S. cloud market, AWS faces growing competition from Microsoft’s Azure, which is gaining ground through AI offerings powered by its collaboration with OpenAI.

AWS, Amazon’s second-largest business unit after e-commerce, is widely seen as the company’s primary growth driver, contributing approximately 40% to Amazon’s revenue. Garman, who started at Amazon as an intern in the summer of 2005, joined full-time in 2006 as one of AWS’s first product managers. His extensive experience within the company positions him well to lead AWS through this competitive period.

Selipsky’s departure marks the end of a significant chapter at AWS, where he spent 14 years across two stints. Between 2016 and 2021, he served as CEO of Tableau Software, a unit of Salesforce, before returning to AWS.

As AWS continues to evolve under new leadership, the company remains focused on maintaining its market position and driving innovation in the cloud computing industry.

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