Jeff Bezos Officially Announces his Resignation Date as Amazon CEO

Jeff Bezos
Jeff Bezos, CEO of Amazon. Flickr Images

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.”

Read More

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.

About Faith Sanyu

I write about world economies and business, the humorous and sarcastic side of politics and world events, lifestyle, religion/beliefs and culture, health, agriculture, history, people's well-being, entertainment, fashion, and humanitarian works.

Have a tip we should know? tips@rhd.news

Most Read

  1. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    4 months ago
  2. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    4 months ago
  3. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    5 months ago
  4. BUSINESS
    Valentino Launches its Cosmetics Line
    5 months ago
  5. Business
    McDonald’s Sales Increase Amid COVID Restrictions
    5 months ago
  6. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    5 months ago
  7. coronavirus
    UK Offers Aid Amid Surging COVID-19 Cases in India
    5 months ago
  8. Entertainment
    Nomadland Director Chloé Zhao, Wins the Best Director in 2021 Oscar
    5 months ago
  9. Americas
    Biden expands US investment ban on Chinese firms
    3 months ago
  10. WORLD
    France, Tunisia to strengthen cooperation on migration
    3 months ago
  11. WORLD
    Spain to reopen embassy in Libya throws support to the political process
    3 months ago
  12. Health
    Africa faces ‘rising threat’ of a coronavirus third wave: WHO
    3 months ago
  13. Enviroment
    Biden Suspends Drilling Leases in Alaska’s Arctic National Wildlife Refuge
    3 months ago
  14. Americas
    JBS: Cyber-attack hits world’s largest meat supplier
    3 months ago
  15. BUSINESS
    Wetherspoons boss denies facing a shortage of EU workers
    3 months ago

Follow @rushhourdaily: