Jeff Bezos to step down as Amazon CEO


Amazon founder and CEO Jeff Bezos on Tuesday introduced his transition to the position of the chief chairman within the third quarter of this 12 months. He would step down because the chief government officer, handing over the position to Andy Jassy, CEO of Amazon Internet Companies. A number of tech CEOs together with Sundar Pichai have despatched their greatest needs to Bezos.

In a letter to Amazon staff, Bezos mentioned he would keep engaged in essential Amazon initiatives, however would bask in philanthropic initiatives, together with his Day One Fund and Bezos Earth Fund, and different enterprise ventures in house exploration (Blue Origin) and journalism (The Washington Put up). 

The 57-year-old government made the top of Amazon’s cloud division Amazon Internet Companies, Andy Jassy as his successor, saying that he’s well-known inside the corporate and has been related to Amazon nearly so long as him. He can be an excellent chief, and he has my full confidence, Bezos mentioned in a letter to his staff.

Among the many a number of tech leaders, Google’s CEO Sundar Pichai was the primary to congratulate Bezos on his farewell because the chief officer of Amazon. He took to Twitter and despatched out his greatest needs to Bezos for Day 1 and Earth fund. He additionally congratulated Jassy on his new position.

The CEO of Microsoft, Satya Nadella additionally took to social media to congratulate each Bezos and Jassy on their  new position. Noting the Jassy’s accomplishment, Nadella on Twitter wrote, a well-deserved recognition of what you’ve got completed.

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The Salesforce CEO, Marc Benioff additionally despatched out his greatest needs to Jassy, saying Amazon couldn’t be in higher fingers. Founding father of Fable and board member of Spotify, Padmasree Warrior praised Jassy’s for his new position. Congratulating him, she mentioned it was a effectively deserved step-up to guide Amazon. 

Additionally, CEO of Softbank, Marcelo Claure welcomed Bezos to the chief chairman membership. He mentioned that is when the actual enjoyable begins.

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In 1994, Bezos based Amazon in his storage and went on to develop it into an internet retail large with operations in nearly each sector starting from music, tv, groceries, cloud computing, robotics, synthetic intelligence and extra.

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