Jeff Bezos is stepping down as Amazon Chief executive officer, it was revealed that AWS CEO Andy Jassy would take his position.
Jeff Bezos lead the company over 25 years since its establishment, now he is stepping down to pursue other projects.
Bezos announced his new role and full support of his successor. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” he wrote in a letter to employees. “Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”
He continued to highlight all the companies accomplishments while thanking the employees for making his dream a reality.
“We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more.”
“If you get it right, a few years after a surprising invention, the new thing has become normal,” Jeff explained. “People yawn. And that yawn is the greatest compliment an inventor can receive.”
The billionaire made it a point to explain that he will still be very hands-on and is definitely not slowing down when it comes to working.
“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.”
