Amazon introduced on Tuesday that Jeff Bezos will step down as CEO.
Amazon Net Companies (AWS) CEO Andy Jassy will exchange Bezos within the third quarter of this yr.
Bezos will transition to govt chair of Amazon’s board, CNBC reported.
Jeff Bezos stated he desires to concentrate on Bezos Earth Fund, his Blue Origin spaceship firm and The Washington Publish.
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Amazon CEO Jeff Bezos will step down later this yr, turning over the helm to the corporate’s high cloud govt Andy Jassy, the corporate introduced Tuesday. Bezos will transition to govt chairman of Amazon’s board
“As a lot as I nonetheless faucet dance into the workplace, I’m enthusiastic about this transition,” Bezos stated in his inner announcement. “Hundreds of thousands of consumers rely upon us for our providers, and greater than one million workers rely upon us for his or her livelihoods. Being the CEO of Amazon is a deep duty, and it’s consuming. When you’ve got a duty like that, it’s laborious to place consideration on the rest.”
“I’m excited to announce that this Q3 I’ll transition to Government Chair of the Amazon Board and Andy Jassy will change into CEO,” Bezos stated in a letter to workers. “Within the Exec Chair position, I intend to focus my energies and a spotlight on new merchandise and early initiatives. Andy is well-known inside the corporate and has been at Amazon nearly so long as I’ve. He will likely be an excellent chief, and he has my full confidence.”