Andy Jassy will take over for Jeff Bezos as the head of Amazon on July 5; 27 years to the day after the outgoing chief executive officer incorporated Inc. Jassy, who currently leads Amazon’s cloud computing division Amazon Web Services, will take on the role following a year in which Amazon reported $386 billion in sales and hired half a million people.

He’ll also oversee the integration and development of entertainment content after Wednesday’s announcement that Amazon purchased film studio MGM for more than $8 billion. But he will have to manage growing regulatory scrutiny and calls from shareholders to improve the company’s diversity practices and impact on civil rights.

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Andy Jassy: What You Need To Know About Jeff Bezos’ Successor And The State Of Amazon | Forbes