After 25 years, Amazon’s CEO, Jeff Bezos, will step down from his position from the company he launched in 1994.
On Tuesday (2.02) the founder of the world’s largest e-commerce site announced his transition from Chief Operating Officer to Executive Chairman by the end of September. Andy Jassy, who has served as CEO of Amazon Web Services, will assume Bezos’ former role.
Published on the company blog, “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos wrote in a letter to his 1,000,000 employees. “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.” “I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be.”
From a modest start in the garage of his Seattle family home selling books online into one of the world’s largest retail companies, 82% of all Americans have an Amazon Prime account . Selling everything from toilet paper and Oscar-nominated movies to music subscriptions and more, Amazon has provided an unprecedented service especially during the pandemic when in store shopping has been limited.
Once billed as the “Earth’s Biggest Book Store”, Amazon has become a $1,600,000,000 industry with Bezos purchasing the Washington Post and jumping into the Space travel business with his two billion dollar net worth.
Photo: Seattle City Council