Jeff Bezos Steps Down as CEO of Amazon After 27 Years
The head of Amazon Web Services, Andy Jassy, has taken over as CEO of Amazon.
The post Jeff Bezos Steps Down as CEO of Amazon After 27 Years appeared first on LUXUO.
Credit: Amazon
Amazon CEO Jeff Bezos has officially stepped down from his CEO position at the e-commerce giant, and his title has been assumed by former Amazon Web Services head Andy Jassy. Bezos still maintains his connection to the company as its Executive Chair.
Jassy first joined the company in 1997 and led the company?s web services since it was set up in 2003. Following which, he was appointed as the division?s CEO in 2016. As of July 5, Jassy will take helm of the US$1.7 trillion company, which has boomed significantly during this Covid-19 pandemic. ?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,? said Bezos in a letter to Amazon employees.
Andy Jassy, the new CEO of Amazon; Credit: Amazon
Profits for Amazon more than tripled in the first quarter of 2021 and this widely suggests the burgeoning trend towards online shopping. Moving forward, this trajectory will continue as people become more dependent on the convenience shopping online can afford them.
Initially starting out as an online bookstore, Bezos built the Amazon empire into its current state that now offers a full range of services from grocery to entertainment. With such stature, the company trails behind Walmart to become the ...
The post Jeff Bezos Steps Down as CEO of Amazon After 27 Years appeared first on LUXUO.
Credit: Amazon
Amazon CEO Jeff Bezos has officially stepped down from his CEO position at the e-commerce giant, and his title has been assumed by former Amazon Web Services head Andy Jassy. Bezos still maintains his connection to the company as its Executive Chair.
Jassy first joined the company in 1997 and led the company?s web services since it was set up in 2003. Following which, he was appointed as the division?s CEO in 2016. As of July 5, Jassy will take helm of the US$1.7 trillion company, which has boomed significantly during this Covid-19 pandemic. ?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,? said Bezos in a letter to Amazon employees.
Andy Jassy, the new CEO of Amazon; Credit: Amazon
Profits for Amazon more than tripled in the first quarter of 2021 and this widely suggests the burgeoning trend towards online shopping. Moving forward, this trajectory will continue as people become more dependent on the convenience shopping online can afford them.
Initially starting out as an online bookstore, Bezos built the Amazon empire into its current state that now offers a full range of services from grocery to entertainment. With such stature, the company trails behind Walmart to become the ...
| -------------------------------- |
|
|
.png)
