Jeff Bezos to Step Down as Amazon CEO; Meet the Man Taking Over Jeff Bezos’ Role
By CNBC. Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon’s board.
Bezos, 57, founded Amazon in 1994 and has since morphed the one-time online bookstore into a mega-retailer with global reach in a slew of different categories from gadgets to groceries to streaming. Amazon surpassed a $1 trillion market cap under Bezos’ leadership in January of last year — it’s now worth more than $1.6 trillion.
The company had kept its succession plans quiet, though onlookers speculated that either Jassy or Jeff Wilke, CEO of Amazon’s worldwide consumer business, would be Bezos’ eventual successor. In August Amazon announced Wilke will retire in 2021. Jassy, 53, will become CEO in the third quarter.
Jassy joined Amazon in 1997 and has led Amazon’s Web Services cloud team since its inception. AWS continues to drive much of Amazon’s profit. (Read more from “Jeff Bezos to Step Down as Amazon CEO” HERE)
__________________________________________________
Meet the Man Taking Over Jeff Bezos’ Role
By New York Post. Andy Jassy is set to take over the reigns of Amazon after Jeff Bezos announced on Tuesday that he’d be stepping down as CEO of his e-commerce empire.
Jassy, 53, started with the company as a marketing manager in 1997 — just three years after it was founded by Bezos — and, over the next decades, helped to turn Amazon into a profitable tech firm. . .
Jassy currently leads the company’s cloud computing offshoot, Amazon Web Services, which provides a range of online services for businesses.
A graduate of Harvard Business School, Jassy founded AWS in 2003 and became its CEO in 2016.
Under Jassy’s leadership, the division grew to a cloud platform used by millions, signing major customers including Verizon, McDonald’s and Honeywell. (Read more from “Meet the Man Taking Over Jeff Bezos’ Role” HERE)
Delete Facebook, Delete Twitter, Follow Restoring Liberty and Joe Miller at gab HERE and MeWe HERE
