Bezos steps down as Amazon CEO
 

Transcends to a higher plane

Jeff Bezos is stepping down as Amazon CEO during the third quarter of this year.

Amazon announced AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon's board.

Bezos said that in his new executive chair role he will focus his energies and attention on new products and early initiatives.

Jassy is well known inside the company and has been at Amazon almost as long as Bezos.

“He will be an outstanding leader, and he has my full confidence. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, "What's the internet?" Blessedly, I haven't had to explain that in a long while. “

Bezos founded Amazon in 1994 and built it into one of the largest companies in the world, amassing a fortune of $185 billion. Amazon, which started as an online bookseller, is now a dominant force in cloud computing, groceries, electronics and entertainment, and employs more than 1.3 million people.

https://fudzilla.com/news/52308-bezo...-as-amazon-ceo