Jeff Bezos, Steps Down As CEO & Will Be Executive Chairman of the Board at Amazon
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Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will be replaced by Andy Jassy, in the video “‘Stunning’: Amazon CEO Jeff Bezos stepping down“, below:
Jeff Bezos will still be around Amazon, but he will not need to be dealing with the day-to-day operations nor the anti-trust government scrutiny. He will be able to spend more time on Blue Origin, climate education, philanthropy, travel, Washington Post, or more other innovations. Jeff Bezos, founder of Amazon, wrote in a letter to Amazon employees, “As much as I still tap dance into the office, I’m excited about this transition.” He built Amazon in 1994, from an online bookstore into a global giant company worth $1.6 trillion, changing the way consumers shop, stream, and receive deliveries.
In an email to staff, on Tuesday, Feb. 2, 2021, Amazon’s chief executive Jeff Bezos announced that he will step down and transition to the role of executive chair in the third quarter of this year. Andy Jassy, the chief executive of Amazon Web Services, will take over as CEO of Amazon, in the video “Jeff Bezos To Step Down As Amazon CEO, NBC News NOW“, below:
The billionaire businessman announced to employees that he will leave his role as chief executive officer later this year, signaling a major shakeup at one of the most powerful companies in the world, in the video “Amazon founder Jeff Bezos to step down as CEO, GMA“, below:
Since Andy Jassy, a man who had been with Amazon for a long time and head of the Amazon Web Services division of the company, will be replacing Jeff Bezos’ role in Amazon, business will be expected to be “as usual” at Amazon.
Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon’s board, in the video “How Jeff Bezos stepping down as Amazon CEO affects stock price“, below:
Amazon founder Jeff Bezos has announced he will step down as CEO and move into a new role as executive chairman later this year, giving up the reins after nearly three decades during which he grew Amazon from an online book retailer into a sprawling business empire and became one of the world’s richest people in the process. Andy Jassy, the head of the company’s cloud computing division, is set to take over the top job, but Bezos will continue to be the largest Amazon shareholder and remain on the board of directors. The news comes as calls continue to mount for lawmakers to break up Amazon and other tech giants. “There’s no reason to think anything is going to change at Amazon because Bezos has taken this new role,” says Robert Weissman, president of the consumer advocacy group Public Citizen. “Neither the economy nor our democracy can really function properly with fairness if Amazon is able to maintain its massive concentration of wealth and power.” In the video “Jeff Bezos to Quit, But Amazon’s “Predatory Business Model” Will Continue Unless Lawmakers Act“, below:
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