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Amazon founder Jeff Bezos will step down as CEO later this year, CNN reported. He will be replaced by Andrew (Andy) Jassi, the head of the company’s cloud division. After retiring from the leadership position, the Amazon founder will become chairman of the board of directors.
“I am excited to announce that in the third quarter I will become CEO of Amazon and Andy Jasi will become CEO,” Bezos wrote in a letter to officials. “As CEO, I intend to focus my energy and attention on new products and early initiatives. Andy has been well known in the company and has been with it almost as long as I have. He will be an incredible leader and has my complete confidence. “.
Besos also says that he remains committed to Amazon’s major projects, but will also have more time to focus on Bezos Earth Fund, his space company Blue Origin, his media outlets The Washington Post, and Amazon Day 1 Fund.
The 57-year-old manager founded Amazon in 1994 and turned an online bookstore business into a multi-million dollar company. With an estimated fortune of $ 188 billion (€ 155.4 billion), Bezos is currently the second-richest man in the world according to the Bloomberg Billionaires Index.
Andrew Jesse joined Amazon in 1997 and has run Amazon Web Services since its inception. AWS continues to make much of the profit from Amazon. He has been considered a potential successor to Bezos for years.
Andrew Jesse
Screenshot: YouTube
The surprising news was announced at a time when Amazon released the latest data on the financial performance of its business enhanced by the pandemic. The company posted record quarterly sales revenue due to online purchases and the fact that people were spending more time at home. Since the beginning of 2020, when the coronavirus locked people at home, the wealth of the owner of “Amazon” has increased by $ 23.6 billion.
