Jeff Bezos Stepping Down as Amazon CEO, Now What’s Next for the World’s Richest Man ?
Amazon founder Jeff Bezos has announce that,
he will step down as CEO of the online retailer head later this year, at the helm after 27 years.
Bezos will now take over as executive chairman of Amazon and will continue to be its largest shareholder,
the company said on Tuesday. Bezos hand over the reins of CEO to Andy Jassy,
who heads Amazon’s cash cow cloud computing division & someone who is on Amazon for its existence.
Jassy is one of Bezos’ most trust lieutenants and widely seen as his successor,
noting that he appoint CEO’s shadow tech -where he got Bezos in all of his meetings in 2003.
Since its launch in 2006, AWS’s original business plan has written and the division is underway.
Jassy’s rise also reflects the importance of AWS among Amazon’s array of divisions.
According to several reports, Bezos has step down from a day to day role
to manage Amazon’s business in recent years, focusing on the company’s long term projects,
including his rocket venture Blue Origin is also include.
As much as I still dance in the office, I’m excite about this transition, Bezos said in a letter to employees on Tuesday.
As Exec Chair I will engage in important Amazon initiatives,
but I have the time and energy need to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, The Washington Post,
and my other passions. I’ve never had much energy, and it’s not about retiring.
I think I am very passionate about the impact these organizations have.