<p>Amazon Web Services CEO Adam Selipsky will step down, handing over the reins of the retail giant's crucial cloud business to long-time insider Matt Garman, the company said on Tuesday.</p>.<p>Senior Vice President Matt Garman will take on Selipsky's role at AWS, effective June 3, the firm said.</p>.<p>The move comes at a crucial time for the cloud business that brings in much of Amazon's profit.</p>.<p>While it has the largest share in the US cloud market, its dominance is under pressure from Microsoft's fast-growing Azure service that is benefiting from AI offerings powered by its tie-up with OpenAI.</p>.Amazon to invest $1.3 bn in France, create 3,000 jobs.<p>AWS, its second-biggest business unit after e-commerce, is widely regarded as Amazon's growth engine, contributing about 40% to the company's top line.</p>.<p>Garman started at Amazon as an intern during the summer of 2005 and joined the company full-time the next year as one of its first product managers.</p>.<p>Selipsky has spent 14 years at AWS over two stints. He was the CEO of Tableau Software, a unit of Salesforce, from 2016 to 2021.</p>
<p>Amazon Web Services CEO Adam Selipsky will step down, handing over the reins of the retail giant's crucial cloud business to long-time insider Matt Garman, the company said on Tuesday.</p>.<p>Senior Vice President Matt Garman will take on Selipsky's role at AWS, effective June 3, the firm said.</p>.<p>The move comes at a crucial time for the cloud business that brings in much of Amazon's profit.</p>.<p>While it has the largest share in the US cloud market, its dominance is under pressure from Microsoft's fast-growing Azure service that is benefiting from AI offerings powered by its tie-up with OpenAI.</p>.Amazon to invest $1.3 bn in France, create 3,000 jobs.<p>AWS, its second-biggest business unit after e-commerce, is widely regarded as Amazon's growth engine, contributing about 40% to the company's top line.</p>.<p>Garman started at Amazon as an intern during the summer of 2005 and joined the company full-time the next year as one of its first product managers.</p>.<p>Selipsky has spent 14 years at AWS over two stints. He was the CEO of Tableau Software, a unit of Salesforce, from 2016 to 2021.</p>