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This is stated in the company statement.
It should be noted that Bezos will transfer control to Andy Yassi, CEO of Amazon Web Services, who has held this position since 1997.
Jeff Bezos sent a letter to employees informing them of his change from CEO to president of the company.
“I am pleased to announce that in the third quarter I will become the CEO of Amazon’s board of directors, with Andy Yassi as CEO. As CEO, I intend to focus my energy and attention on new products and early initiatives. Andy is well known within the company and has been with Amazon almost as long as I have. He will be an outstanding leader and I have full confidence in him, ”Bezos says in a letter to employees.
According to him, he also intends to dedicate more time to his Bezos Earth Fund projects to combat climate change, the space company Blue Origin, the publisher The Washington Post and the Amazon Day 1 Fund.
Jeff Bezos founded Amazon in 1994 and has since transformed it from an online bookstore to the largest online retailer that ships worldwide. Amazon’s market capitalization topped $ 1 trillion in January of last year under Bezos’ leadership.
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