Jeff Bezos, who founded Amazon.com nearly 30 years ago in his garage and went on to become the worlds richest man, will step down as CEO in the third quarter of 2021.
He will transition into the role of executive chairman and will be replaced by Andy Jassy, who currently heads Amazon Web Services (AWS), the company’s cloud computing platform. Jassy, who has been with Amazon since 1997, has been instrumental in making AWS the company's profit engine.
“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,” Bezos wrote in his letter to employees, adding that he will continue to stay engaged in important Amazon initiatives while focusing on his other passions, such as his space travel firm Blue Origin and various philanthropic efforts, including the Day One Fund to combat homelessness.
Read More at https://economictimes.indiatimes.com/tech/technology/what-jeff-bezos-exit-means-for-amazon-in-india/articleshow/80670348.cms
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