Amazon’s Chief Executive Officer (CEO) Jeff Bezos has resigned from his post. He will step down by the end of this year. Now the company’s new CEO will be Andy Jassy.
Amazon’s Chief Executive Officer (CEO) Jeff Bezos has resigned from his post. He will step down by the end of this year. Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos in the third quarter of this year. With this, Jeff Bezos has been told that he will be the executive chairman of the board. Bezos wrote a letter to his employees informing them about this decision. In a letter written on Tuesday, he has said that he is leaving the CEO role in the company. Jassy currently heads Amazon Web Services.
Record-level increase in profits in Corona era – Bezos started Amazon as a startup and now the company has become one of the largest companies in the world. Jeff Bezos is the richest in the world based on his stake in Amazon. Let us know that the company had sold $ 100 billion in the last three months of 2020. Due to which Amazon’s profit had increased to a record level.
Amazon was founded in 1994 – Jeff Bezos founded Amazon in 1994. From an online bookstore, Amazon has transformed into a mega online retailer today. Which sells all types of products worldwide. Amazon has forayed into many areas including grocery, streaming services, TV, cloud computing, robotics, artificial intelligence.
Focus will be here after the resignation- Bezos wrote a letter to the employees of his company saying that he will be associated with ‘important projects of Amazon’ but now his focus will be on his Philanthropic Initiatives i.e. welfare schemes Day One Fund and Bezos Earth Fund. Bezos has expressed confidence in Andy Jessie for his new role in the company. Let me tell you that apart from Amazon, Washington Post is also the owner of Newspaper and private space company Blue Origin.
