Jeff Bezos to step down as Amazon CEO After 27 years.
Jeff Bezos to step down as Amazon CEO. And Andy Jessy has been named as a suitable replacement for the top job at Amazon.
Jeff Bezos has been at the helm since he founded Amazon as an online bookstore in 1994.
Under Jeff’s leadership, Amazon has since grown to become the leading online retailer in the whole world.
“27 years ago, Amazon was only an idea, and it had no name,” Jeff said.
According to the Tuesday press release by Amazon.com Inc, Jeff Bezos will be stepping down as CEO in the third quarter, and he will be replaced by Andy Jassy who joined Amazon way back in 1997.
Amazon CEO Jeff Bezos. Video Courtesy of YouTube/Amazon
Jeff Bezos will then focus his attention on his new role at Amazon as the Executive Chairman.
According to Jeff, he will then focus his energy on the following;
- Engaging in important Amazon initiatives. New products and early initiatives.
- Blue Origin
- The Washington post
- The Bezos Earth Fund
Jeff Bezos’s statement partly read.
“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos said in a letter to employees. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”
Briefly about Andy Jessy.
Andy Jassy has an MBA from Harvard Business School. According to Amazon.com Inc, Andy Jessy joined Amazon in 1997.
Andy Jassy is the founder of Amazon’s Web Services (AWS) and has since led the cloud team to its great height. Today, Amazon’s Web Services is a cloud platform being used by millions of people across the globe and has contributed to much of Amazon’s net revenues.
A replacement to take over from Andy Jassy as CEO at Amazon Web Services (AWS) is yet to be named. Amazon said.
CONGRATULATIONS TO ANDY JASSY.
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