Jeff Bezos will step down as the CEO of Amazon later this year

Jeff Bezos, the CEO and founder of Amazon, announces that he will be stepping down as CEO of Amazon, hands over to Andy Jassy.

@anthony256

Published Feb 3, 2021 11:26 PM CST
Updated Mar 10, 2021 8:27 PM CST

50 seconds read time

In what should come to a surprise as most people but Jeff Bezos, the CEO and founder of Amazon, has just announced that he will be stepping down from his role as CEO of Amazon in Q3 2021.

Jeff Bezos will step down as the CEO of Amazon later this year 03

Later this year Bezos will transition from his role as CEO to the Executive Chair of the Amazon Board, while the current CEO of Amazon Web Services -- Andy Jassy -- will become CEO of Amazon. Bezos wrote to his employees: "In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives".

Bezos continued: "Andy is well known inside the company and has been at Amazon almost as long as I have." From the letter, it sounds like Bezos intends to use the time he has outside of running Amazon's day-to-day operations to focus on other initiatives, including the "Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions".

The still-CEO of Amazon said that his announcement of stepping down as CEO of Amazon "isn't about retiring", so we shouldn't have to worry about that just yet.

The Everything Store: Jeff Bezos and the Age of Amazon

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NEWS SOURCE:pedestrian.tv

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.