Jeff Bezos to step down as CEO of Amazon

Jeff Bezos to step down as CEO of Amazon

Amazon founder Jeff Bezos is to step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago.

He will become executive chairman, a move he said would give him “time and energy” to focus on his other ventures.

Jeff Bezos is the world’s richest man, (although jeff Besoz net worth has been superseded by Elon Musk briefly) will be replaced by Andy Jassy, who currently leads Amazon’s cloud computing business.

“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,” Mr Bezos said in a letter to Amazon staff on Tuesday.

“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,” he added.

The change will take place in the second half of 2021, the company said.

Jeff Bezos net worth

Jeff Bezos, 57, has led Amazon since its start as an online bookshop in 1994. He started in how garage in Seattle and has transformed the online landscape.  He was one of the first pioneers of using the customer-centric journey on his platform, where you put the customer at the focus and develop the products around him.

Amazon now employs 1.3 million people globally and has developed into an online giant that literally sells everything. Focussing on package delivery and streaming video to cloud services and advertising. He’s amassed a fortune of $196.2bn, according to Forbes’ list of billionaires.

It saw its already explosive growth skyrocket last year, as the pandemic prompted a surge in online shopping.

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