Jeff Bezos Resigns As Amazon CEO

Surprisingly, Amazon founder Jeff Bezos announces that he will step down from the head of the world’s largest online retail company in the third quarter of 2021. He will be succeeded by long-time manager and AWS CEO Andy Jassy. Bezos is moving to the board of directors this summer.

In a public letter to his 1.3 million employees worldwide, the 57-year-old looks back at Amazon’s successes to date. ” We pioneered customer reviews, 1-click, personalized recommendations, the insanely fast Prime Shipping, Just Walk Out Shopping, Climate Pledge, Kindle, Alexa, Marketplace, Infrastructure Cloud Computing, Career Choice and much more. ” Bezos does not want to say goodbye to Amazon, he will continue to influence the company and its decisions.

Read This: Parler To Sue Amazon After AWS Sabotaged The Right-Wing Platform

Jeff Bezos will remain on Amazon’s board of directors

From the third quarter of 2021, Bezos, who founded Amazon in 1994, will take the post of Executive Chair on the board of directors of the online giant. This is superordinate to the company’s executive board. At the same time, Andy Jassy will take up his post as Chief Executive Officer (CEO). The manager, who has been with Amazon since 1997, has been responsible for the business with Amazon Web Services (AWS) and its IT services, such as servers, online storage & Co.

Earlier: Amazon Fires Employee Selling Customer Data Again

Apart from his role on the board of directors, Bezos wants to focus on new projects and matters of the heart, such as the Day 1 Fund, Bezos Earth Fund, Blue Origin and the Washington Post. The Amazon founder is leaving with record results. Last year, thanks to the coronavirus crisis, the company generated sales of 386 billion US dollars and increased its profits by more than 80 percent to 21.3 billion US dollars. According to the Bloomberg Billionaires Index, Jeff Bezos is currently the second richest person in the world with an estimated net worth of $ 197 billion.