Jeff Bezos Is Stepping Down As The CEO Of Amazon, Who Will Take Over Now?

Recently news came that Jeff Bezos is going to resign his position as a CEO of Amazon. He has been in this position for the last 27 years. This announcement looks like retirement, but it is not. Let’s discuss this in detail,

Jeff Bezos founded Amazon on 5^th July 1994. It has its headquarters in Seattle, Washington. It is a multinational company known for eCommerce, digital streaming, cloud computing, artificial intelligence, and many more things. It sells only books, but they started everything by selling electronics, software, video games, apparel, furniture, food, toys, jewellery, etc.

Andy Jassy to take over The Company in Q3

After Jeff Bezos, Andy Jassy will take over the position of CEO of Amazon. Currently, he is the head of Amazon’s cash cow cloud get computing division, and he is in this position for so long. Andy is the most trusted employee of Jeff Bezos and appointing him is like establishing his own shadow. Andy has written the AWS business plan and run it since 2006.

According to reports, Jeff Bezos is leaving their daily responsibilities at Amazon, and he is appointing someone else to do this Task. He has taken this step to focus more on his other big projects, including his rocket venture Blue Origin.

Why is Jeff Bezos stepping down?

Jeff Bezos has written a letter to his employees in which he said that he would enjoy this transition until he goes back to the office again. He has also mentioned that he has taken this step to focus more on the other initiatives of Amazon like the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.

After resigning from the position of CEO, he will take over the place Of Executive Chairman. He will also become the most significant stakeholders of the company.

It is a courageous step taken by him because Amazon was his dream, and he has worked day and night to bring the company to this position. But it is also necessary for him to do so because he wants to focus on his other ventures to change the world and make it more comfortable for everyone.