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Jeff Bezos to resign; Sundar Pichai congrats and welcomes Andy Jassy as new Amazon CEO

Amazon.com has announced that CEO Jeff Bezos will step down from his position and become executive chairman. Google CEO Sundar Pichai welcomes Andy Jassy new Amazon CEO. Amazon.com has announced that CEO Jeff Bezos will step down from his position and become the executive chairman in the third quarter of this year. The head of Amazon’s cloud division Amazon Web Services (AWS) Andy Jassy will

  • Posted on 04th Sep, 2021 14:52 PM
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Jeff Bezos to resign; Sundar Pichai congrats and welcomes Andy Jassy as new Amazon CEO Image

Amazon.com has announced that CEO Jeff Bezos will step down from his position and become the executive chairman in the third quarter of this year. The head of Amazon’s cloud division Amazon Web Services (AWS) Andy Jassy will succeed Bezos and become the next Amazon CEO, the company confirmed. Also Read - Deal of the day: Xiaomi Mi 10i with 108MP quad rear cameras available with massive flat discount

The news of Bezos’ decision to step down as CEO comes after Amazon reported quarterly sales above $100 billion for the first time. Also Read - Amazon launches affordable Echo Show 8 2nd gen in India: Check features and price

To recall, Bezos began Amazon.com as an internet bookseller 27 years ago has become one of the world’s most valuable companies today. Also Read - Samsung Galaxy M32 5G India launch today at 12PM: Check specs, price to be under Rs 25,000

Jassy, who will be the next Amazon CEO, joined the company in the year 1997. He has been mainly responsible to grow the cloud division AWS, which is used by millions of customers today.

As per Reuters, Tom Johnson, chief transformation officer at global marketing firm Mindshare said “Jassy’s promotion underscored the centrality of the web hosting business to Amazon’s strategy.”

“Jassy’s background in steering AWS shows just how top of mind those services are to Amazon’s business strategy. It’ll be interesting to see how that affects their strategy and balancing that priority with a growing ad business and the commerce behemoth,” he added.

In a note to employees, posted on Amazon website, Bezos said, “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.”

For the unaware, Blue Origin is Bezos’ space company. He further added, “I’ve never had more energy, and this isn’t about retiring.”

Soon after Bezos, Google CEO Sundar Pichai congratulated Bezos and welcomed Jassy as the new Amazon CEO.

Jeff Bezos to resign; Sundar Pichai congrats and welcomes Andy Jassy as new Amazon CEO View Story

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