Amazon CEO Jeff Bezos is stepping down after almost 30 years.
Bezos founded Amazon in 1994 and has since turned the company into an empire. He’s not totally going away, or retiring, he will transition to executive chair of the company’s board.
The company says Andy Jassy, chief of cloud service Amazon Web Services, will replace Bezos as Amazon CEO in the third quarter of this year.
Jassy joined Amazon in 1997. Bezos said, 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.”
Jassy is the one who made the decision to end Amazon’s hosting of social media platform Parler after the January 6 Capitol breach.
Bezos told employees that being CEO had been a “consuming” responsibility. Now, he said, he “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.”
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