Bezos ‘Focusing my energy and attention on new products and early initiatives’
The founder of Amazon Jeff Bezos has resigned as chief executive of a company he founded from the garage nearly 30 years ago.
Bezos, 57, said the decision would give him “time and energy” to focus on other initiatives.
The world’s wealthiest man will be replaced by Andy Jassy, who heads Amazon Web Services, the company’s cloud computing unit.
In an email sent to the company’s workforce, Bezos announced the transition and gathered behind his successor.
“We look forward to this third quarter moving to the Amazon Board executive chair and announce that Andy Jassy will become CEO. The executive chair role will focus energy and attention on new products and early initiatives. intend to.
Andy is well known in the company and has been on Amazon for as long as I do. He has become an outstanding leader and he has complete confidence in me. ”
Jeff Bezos has transformed Amazon into one of the world’s most frightening companies.
Since its founding as an online book retailer in 1994, Amazon currently employs around 1.3 million staff worldwide.
The company continues to disagree with expectations, posting revenue of $125.6 billion in the fourth quarter, a rise of more than 40% compared to a year ago.
“When you look at our financial results, what you really see is the long-term cumulative results of the invention. Now I see Amazon as the most original to date, It’s the perfect time to make this transition,” says Bezos.
Andy Jussy, who replaced Bezos at Helm, joined Amazon in 1997 following his Harvard MBA, where he graduated from Cam Loud.
Jassy has founded Amazon Web Services, a global cloud-based set of products that create infrastructure for millions of governments, businesses and schools.
