Jeff Bezos will no longer be CEO of Amazon, because of this decision to step down
Jeff Bezos will soon step down as Amazon CEO and will remain the company’s executive chairman. Bezos may step down as CEO of Amazon by the end of this year. Amazon Web Services (AWS) founder Andy Jassy will be the next CEO of Amazon, after Jeff Bezos. Significantly, Amazon has recorded a record profit for the third consecutive quarter and the e-commerce company’s sales have reached over $100 billion.
The company earned this record in the December quarter of 2020. The company’s net sales have reached $125.56 billion. Explain that Amazon is the largest online retailer in the world. Jeff Bezos laid the foundation of this company 27 years ago. He started Amazon as an Internet bookseller. In a letter written by his employees, he said, “I will be associated with the Chief Initiative of Amazon as Executive Chairman”.
What will Jeff Bezos do now?
He stated that his main focus will now be on Day 1 Fund, Bezos Earth Fund, Blue Origin, The Washington Post and other passions. Bezos said that this is not his retirement. Let us know that Andy Jassy joined Amazon in the year 1997. He has an MBA from Harvard Business School.
According to the company, Andy laid the foundation of Amazon Web Services (AWS) and developed it into a cloud platform, which is being used by millions of users today. However, Amazon has not yet announced Andy’s replacement for AWS. People have turned to Amazon since the Coronavirus epidemic stepped into the US. Whether home essentials or medical supplies, most people in America were shopping from Amazon itself. At that time, the company hired four lakh new employees and saw a record profit.
