CEO Jeff Bezos Bidding Farewell
The founder and CEO of the world's biggest online retailer Amazon's Jeff Bezos, is stepping down from his position after 27 years of his extraordinary career and after taking Amazon to its position where it is today. Bezos will now take over as Amazon's Executive Chairman. Andrew R. Jassy or popularly known as Andy Jassy will be the new CEO. Jassy is one of Bezos's most trusted employees at Amazon and has been at Amazon since its existence.
A timeline of Bezos
Jeff worked on wall street from 1986 to 1994; he quit wall street in 1994 and founded Amazon. Then it was just an online book delivery platform started from the garage of his rented house in the US. In the year 1997, Bezos become a millionaire after Amazon's IPO. Around 2005, Bezos launched Amazon Prime with a nominal annual subscription. In Jan 2021, Jeff got the title of 'the richest man on the planet.' His current net worth is around $196 Bn.
On 2nd Feb 2021, Bezos announced that he would step down as CEO. In the letter to his company after he stepped down, he wrote, "I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions".
About the new CEO, Andy Jassy
Andy Jassy will be the new CEO at Amazon from the third quarter of 2021. Andrew R. Jassy is an American Businessman and CEO of Amazon Web Services (AWS). Andy joined Amazon in 1997. He has been involved in the development of AWS since its launch in 2006. Then AWS was just a team of 57 people, and Andy headed it. He has been running the division since.2006.
