Tuesday, October 19

Tag: Andy Jassy

Jeff Bezos steps down as Amazon CEO
Tech

Jeff Bezos steps down as Amazon CEO

Jeff Bezos has stepped down as the chief executive of Amazon 27 years after he founded the company. The American billionaire, 57, Amazon's biggest shareholder with a stake worth about $180 billion, is being replaced by Andy Jassy, the mastermind behind Amazon’s cloud computing division.   Earlier this year, Mr. Bezos announced his decision to step down in order to be able to focus on initiatives such as his plans for private space travel.   Making his announcement, Mr. Bezos said he wanted to “focus [his] energies and attention on new products and early initiatives” in his new role of executive chair.   “This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, ‘What’s th...
Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm
Business

Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm

The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced. According to the February 2 announcement, Bezos will be replaced by Andy Jassy. Bezos has been Amazon's CEO since its founding in 1995 and grew the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight. His replacement, Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services.. Bezos said in a letter to employees Tuesday that he is excited to take the next step. "Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention...

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