Tech & General

Jeff Bezos to step down as Amazon CEO after 26 years at the helm

Jeff Bezos to step down as Amazon CEO after 26 years at the helm (Updated: 1 year ago)


The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced.

According to the February 2 announcement, Bezos will be replaced by Andy Jassy.

Bezos has been Amazon's CEO since its founding in 1995 and grew the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight.

His replacement, Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services..

Bezos said in a letter to employees Tuesday that he is excited to take the next step.

"Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. 

"When you have a responsibility like that, it's hard to put attention on anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I've never had more energy, and this isn't about retiring. I'm super passionate about the impact I think these organizations can have."

The news came as part of Amazon's fourth-quarter earnings report. 

The company's stock has grown nearly 69% over the past year.

Add a coment

Recent Posts

Falz
Falz
Sarz
Sarz
Rexxie
Rexxie
Reminisce
Reminisce
Zoro
Zoro
Kabex
Kabex
Broda Shaggi
Broda Shaggi
Danny S
Danny S
Stormyzino
Stormyzino
Reekado Banks
Reekado Banks
Lil Kesh
Lil Kesh
Solidstar
Solidstar
Tiwa Savage
Tiwa Savage
Otega
Otega
DJ Baddo
DJ Baddo
DJ Enimoney
DJ Enimoney
Mohbad
Mohbad
DJ Lambo
DJ Lambo
Slimcase
Slimcase
Toby Grey
Toby Grey
Ycee
Ycee
Orezi
Orezi
BOJ
BOJ
Wizkid
Wizkid
DaBaby
DaBaby
Terry Apala
Terry Apala
Killertunes
Killertunes
OmoAkin
OmoAkin
JoeEL
JoeEL
Philkeyz
Philkeyz
Tekno
Tekno
Pasuma
Pasuma
Teni
Teni
Mayorkun
Mayorkun
Duncan Mighty
Duncan Mighty
Cardi B
Cardi B
D’Banj
D’Banj
Hotkid
Hotkid
King Perryy
King Perryy
Ruger
Ruger
NAIJAKIT.COM