Connect with us

World

World’s 2nd richest person Jeff Bezos to resign as Amazon CEO after 27 years

In a significant development, Amazon CEO Jeff Bezos has announced to step down as CEO and a transition to a new position as executive chair of the Amazon board in the third quarter this year.

Andy Jassy, who is the CEO of the company’s profit-making Cloud arm Amazon Web Services (AWS), will replace Bezos.

“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,” Bezos said late 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.”

Bezos has served as Amazon’s CEO since he founded the company in 1994, making his venture one of the most dominant technology firms in the world.

The journey also made him the richest human on Earth, with a net worth of nearly $180 billion.

Jassy has led AWS since it was founded in 2003 and was named the CEO of AWS in 2016.

In Amazon’s most-recent earnings report in December, AWS generated revenues of $11.6 billion, an annual run rate of more than $46 billion.

Continue Reading
Advertisement

Advertisement



Covid-19 Updates (India)

02 Mar 2021, 1:16 AM (GMT)

Coronavirus Stats

11,122,986 Total Cases
157,257 Death Cases
10,796,164 Recovered Cases

Local

Advertisement

Facebook

Subscribe to our newsletter

Please wait...
Want to be notified when our article is published? Enter your email address and name below to be the first to know.

Visitors

536793
Total Users : 474483
Views Today : 2000
Total views : 3210527

Copyright © 2020 JK Media. Powered by Rodiex