Amazon announced on Wednesday that Senior Vice President and Chief Financial Officer Thomas J. Szkutak will retire from the company next June. He has been CFO since joining Amazon in 2002.

Szkutak currently oversees the controller, treasury, investor relations, tax, internal audit and facilities functions at Amazon, in addition to the financial management of its business units.

VP of Finance Brian T. Olsavsky will succeed him Szkutak as CFO, reporting directly to CEO Jeff Bezos.

Bezos said, “Tom’s impact over the past 12 years is evident in every part of our business. Under Tom’s stewardship, customers have benefitted from category expansion and geographical expansion, along with amazing new businesses like AWS and Kindle. The day Tom joined the company was a very lucky one for Amazon’s shareowners and customers and for all of us who’ve had the pleasure and fun of getting to work with him. We wish Tom and his family all the best in their next round of adventures.”

Szkutak added, “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. 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.”

Olsavsky also joined the company in 2002. He and Szkutak will work together on the transition of CFO responsibilities over the next 10 months.

Image via Google Play