Jeff Bezos, the world’s richest man in 2021, will resign as CEO of Amazon on July 5, a ‘sentimental’ date he chose since it was the date the firm was founded in 1994. In a meeting with shareholders on Wednesday, Jeff Bezos announced he will step down as CEO of Amazon on July 5.
“We chose that date because it’s sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago.” Bezos said.
Bezos is not quitting Amazon wholly; instead, he will become the company’s executive chair. Bezos stated he would concentrate on “new products and early ideas in his new role as executive chairperson.”
“I’m very excited to move into the chair role where I will focus my energies and attention on new products and early initiatives,” Bezos said.
Bezos said in February that he will step down as CEO of Amazon in the third quarter.
Who will be Next Amazon’s CEO?
Andy Jassy, the head of Amazon’s cloud computing branch, Amazon Web Services, will succeed Bezos (AWS). Amazon’s new CEO will be Andy Jassy. Jassy has worked with the organization for the past 24 years.
Jassy “is going to be an outstanding leader, and he has my full confidence,” Bezos said. “He has the highest of high standards, and I guarantee Andy will never let the universe make us typical,” Bezos added. “He has the energy needed to keep alive in us what has made us special.”
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Amazon noted in February that Bezos’ role in the company’s operations would be limited to “one-way door” choices. Amazon’s Chief Financial Officer, Brian Olsavsky, described these as “big decisions” like acquisitions and overall corporate plans.
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