Jeff Bezos steps down as Amazon CEO
Amazon CEO Jeff Bezos will step down as CEO and transition to a new position at the company as executive chair of the Amazon board in Q3 2021
Andy Jassy, who currently serves as CEO of Amazon Web Services (AWS), will replace Bezos as Amazon CEO.
“Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else,” commented Bezos in an email announcing the change. “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”
Andy Jassy is a familiar face at the company, having joined back in 1997, reports TheVerge. He has led the Amazon Web Services team since it was founded in 2003 and was named the CEO of AWS in 2016. The choice of Jassy — who has headed Amazon’s cloud service business since the beginning — over a retail or hardware executive is a telling one for Amazon’s priorities as a company.
Amazon’s cloud business is a huge part of the company (and the internet at large, to the point where AWS outages can take down whole swaths of internet for hours), and its new leadership choice reflects that.
More Amazon news
Former Amazon executive on the 5-star rating system
Amazon rating system developers ended up being too protective of it According to the former Amazon executive, the online ratings and reviews model was a good solution at first, but the team ended up being too protective of it. Dan Lewis spent many years at...
Nike stops selling its products on Amazon
Nike is just ‘tip of the iceberg’ of companies ditching Amazon Nike’s decision to stop selling merchandise to Amazon is the start of brands opting to go directly to consumers, says internet entrepreneur Tim Armstrong. “The direct-to-consumer movement will...
Unsafe products on Amazon mostly come from Chinese sellers
Amazon recruits more Chinese sellers and puts consumers at risk The Wall Street Journal takes a look at the rising number of Chinese sellers on Amazon and the problems they make The percentage of China-based sellers directly supplying products on Amazon...
