Amazon to have a new CEO as Jeff Bezos step down

The world’s most extravagant man, Jeff Bezos will step down as Amazon CEO in the not so distant future and change to the seat of the executive chairman, the organization has declared.

As indicated by the February 2 declaration, Bezos will be supplanted by Andy Jassy.

Bezos has been Amazon’s CEO since its establishing in 1995 and developed the organization from an online book retailer into a $1.7 trillion worldwide retail and coordinations Heavyweight.

His substitution, Jassy has worked for Amazon since 1997 and at present fills in as CEO of the organization’s cloud business, Amazon Web Services..

Bezos said in a letter to representatives Tuesday that he is eager to make the following stride.

“Being the CEO of Amazon is a profound duty, and it’s devouring,” Bezos composed.

“At the point when you have an obligation like that, it’s difficult to put consideration on whatever else. As Exec Chair I will remain occupied with significant Amazon activities yet additionally have the opportunity and energy I need to zero in on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my different interests. I’ve never had more energy, and this isn’t tied in with resigning. I’m excessively enthusiastic about the effect I figure these associations can have.”

The news came as a component of Amazon’s final quarter profit report.

The organization’s stock has developed almost 69% over the previous year.

One thought on “Amazon to have a new CEO as Jeff Bezos step down

Leave a Reply

Your email address will not be published.

%d bloggers like this: