Jeff Bezos has spent a lot of time integrating Amazon into the company that made him one of the richest men in the world, and he has just announced that he will step down as CEO of the company later this year.
In a letter to Amazon employees, Bezos announced that he will be moving to the role of Executive Chair of the Amazon Board in hopes of spending more time on new products and initiatives.
“I am pleased to announce that I will move to the Executive Chair of the Amazon Board in this third quarter and Andy Jassy will become CEO,” wrote Bezos. “In the role of Exec Chair, I want to focus my energy and attention on new products and early initiatives.”
Bezos is replaced by Andy Jassy, Amazon’s top cloud manager.
“Andy is known in the company and has been with Amazon for almost as long as I have. He will be an excellent leader and he has my full confidence, ”wrote Bezos.
Bezos added that he is excited to focus on the Bezos Earth Fund, its spacecraft company Blue Origin, the Washington Post and the Amazon Day 1 Fund.
“As much as I still tap into the office, I’m excited about this transition,” he said. “Millions of customers depend on us for our services, and more than a million employees depend on us for a living. Being the CEO of Amazon is a deep responsibility and costs a lot. When you have such a responsibility, it is difficult to draw attention to anything else. “
Amazon’s success has brought him a tremendous amount of wealth, along with the other Bezos companies, and has also helped him break some records! Jeff passed a historic milestone back in August 2020 when he became the first person in history to be worth $ 200 billion.
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