Jeff Bezos Is Stepping Down as Amazon’s CEO
Jonah Diaz
Jeff Bezos, founder and CEO of the e-commerce giant, Amazon, is stepping down as the company’s chief executive officer. Bezos has amassed a net worth of over 200 billion dollars, gaining the title of the world’s richest man before recently being surpassed by SpaceX CEO Elon Musk.
Bezos, despite his immense wealth, comes from humble beginnings. In 1995, Bezos started Amazon in his garage and took a high risk to pursue his dream. He worked tirelessly over the years to turn his company into what it is today and has encouraged his employees to do the same, which has resulted in controversy for the billionaire. Amazon is one of the most recognizable and influential companies of our era and, during the pandemic, has seen profits skyrocket due to heavy customer reliance on delivered goods and services.
Bezos stepping down from this position is not all that it seems, and he has made it clear that he is not retiring. After explaining the heavy burden that managing a company of this magnitude can be, Bezos claims that he has no time to invest his attention in other pursuits. Thus, he is transitioning from CEO to executive chairman, which is still a highly influential position. Bezos has endured much throughout recent years, with a difficult divorce, protests against his company and his name, and investment in new businesses.
American businessman Andy Jassy has been appointed as the CEO replacement when Bezos officially steps down. Jassy is head of Amazon Web Services and has been a part of the company since 1997. Jassy offers his long-term commitment to the company, as well as his impressive educational background from Harvard University. Despite some concern over what lies ahead for Amazon’s future, Bezos will continue to have influence over the company and will guide Jassy in his path as Amazon’s new CEO.
Sources:
Comments