Amazon.com Inc on Tuesday said founder Jeff Bezos announced to step down as the CEO on February 3. Jeff Bezos in a letter to employees at Amazon announced starting this third quarter he will no longer be the CEO of Amazon.

Jeff Bezos in a message to Amazon employees earlier today said,” I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. 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. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while.”

He further said,” 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. 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.”


Andy Jassy will take over while Bezos will transition to Executive Chair of the Amazon Board. Jassy has worked with Bezos for a long time. Jassy joined Amazon in 1997. He was a project manager at MBI at an early stage of his career.

Meanwhile, Andy Jassy, who is currently the head of Amazon’s cloud division, Amazon Web Services known as AWS will be the new CEO of the company. Jassy got his job at Amazon after doing his MBA from Harvard Business School. Andy Jassy is known as the founder of Amazon Web Services (AWS) inside the company where he started the service with a team of 57 people. After 13 years, he got promoted to CEO at AWS.

Pichai also extended his wishes to Jassy.

 

Apart from Google CEO, several other CEOs including Microsoft co-founder Satya Nadella, Marcelo Claure, executive chairman at WeWork and COO of Softbank, Padmasree Warrior, founder and CEO of Fable, and a Spotify and Microsoft board member also congratulated both Jassy and Bezos for their respective achievements.

 

 

 

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