[:en]Jeff Bezos is stepping down as CEO of Amazon[:]

[:en]Jeff Bezos is stepping down as CEO of Amazon[:]


Jeff Bezos, the CEO and founding father of Amazon, introduced in the present day that he plans to step down as CEO this yr. In Q3 of 2021, he’ll transition to the position of “Government Chair” of the Amazon board, and Andy Jassy will take over as CEO at the moment. Jassy has been the CEO of Amazon Internet Providers since April 2016 and based the enterprise in 2003.

“Within the Exec Chair position, I intend to focus my energies and a spotlight on new merchandise and early initiatives,” Bezos wrote in a letter to Amazon employees. “Andy is well-known inside the corporate and has been at Amazon virtually so long as I’ve.” From the letter, it appears like Bezos intends to make use of the time he has exterior of operating Amazon’s day-to-day operations to give attention to different initiatives, together with the “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Publish, and my different passions.” Regardless of stepping down from the highest position at Amazon, Bezos says “this isn’t about retiring,” so it appears we are able to anticipate him to stay concerned on the prime of the corporate.

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