Thomas Szkutak, Amazon’s longtime SVP and CFO, announced that he plans to retire from the company in June 2015.
Szkutak has held the top finance position with the Internet giant since joining the then 7-year-old company in 2002. Brian Olsavsky, Amazon's current VP of finance for the its global consumer business, is slated to be Szkutak's replacement.
Amazon founder and CEO Jeff Bezos lauded Szkutak's contributions to the company, crediting him with leading category and geographical expansions that include AWS and Kindle.
"Tom's impact over the past 12 years is evident in every part of our business," Bezos said.
As for Olsavsky, he also joined Amazon in 2002 and has since held numerous financial leadership roles within the Amazon ranks. Prior to joining Amazon, Olsavsky worked Fisher Scientific International in a variety of financial and business management roles.
Szkutak said he has worked closely with Olsavsky in their twelve years with Amazon, and obviously expressed confidence in his ability to take over as CFO.
"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," Szkutak said. "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 Amazon.com."