(Reuters) – Amazon is set to hire Microsoft’s departing product chief Panos Panay, Bloomberg News reported on Monday, citing sources familiar with the matter.
Panos Panay, who has been with Microsoft for over 20 years, is currently serving as the company’s Chief Product Officer. However, he is reportedly leaving the tech giant to join Amazon. This move comes as a surprise to many, as Panay has played a key role in the development of many successful products at Microsoft.
At Amazon, Panay is expected to take on a leadership position and contribute to the growth and innovation of the company. His extensive experience and expertise in product development make him a valuable addition to the team.
During his tenure at Microsoft, Panay was instrumental in the success of products like the Surface line of devices. Under his guidance, Microsoft was able to establish itself as a major player in the hardware market, competing directly with companies like Apple.
His departure from Microsoft is seen as a loss for the company, as he has been a driving force behind its product strategy for many years. However, it is also seen as a significant gain for Amazon, which has been making strategic moves to expand its product and services offerings.
Amazon has been investing heavily in various sectors, including cloud computing, artificial intelligence, and smart home devices. With Panay on board, the company aims to further strengthen its position in the highly competitive tech industry.
Neither Amazon nor Microsoft have officially confirmed Panay’s move. However, Bloomberg’s sources suggest that the deal is likely to be finalized in the coming weeks.
This news comes at a time when both Amazon and Microsoft are experiencing significant growth and success. Amazon’s online retail business continues to thrive, while Microsoft’s cloud computing division, Azure, has seen tremendous growth in recent years.
Overall, Panos Panay’s move from Microsoft to Amazon is expected to have a positive impact on both companies. It remains to be seen what specific role he will take on at Amazon and how he will contribute to the company’s future growth and success.
For now, industry analysts and tech enthusiasts will eagerly await further announcements from Amazon and Microsoft regarding this high-profile move.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika Syamnath)
Credit: The Star : Tech Feed
