Amazon Founder Jeff Bezos to Step Down as CEO

- THE EPOCH TIMES - Feb 2, 2021 -

THE ASSOCIATED PRESS -


The Amazon logo is pictured outside the company’s JFK8 distribution center in Staten Island, N.Y., on Nov. 25, 2020. (Brendan McDermid/Reuters)

NEW YORK—Jeff Bezos, who founded Amazon and turned the company into an online shopping behemoth, is stepping down as its CEO, a role he’s had for nearly 30 years.



He’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business. Bezos, 57, will then become the company’s executive chair.


In a blog post to employees, Bezos said he plans to focus on new products and early initiatives being developed at Amazon. And he said he’ll have more time for side projects: his space exploration company Blue Origin; the newspaper he owns, The Washington Post; and his charities.


Amazon is one of the last of the biggest tech giants to have a founder as CEO. Google’s co-founders Larry Page and Sergey Brin relinquished their executive positions in parent company Alphabet in 2019. Oracle’s Larry Ellison stepped down as CEO in 2014. Bill Gates was Microsoft’s CEO until 2000, kept a day-to-day role at the company until 2008 and served as its chairman until 2014. Gates left the board entirely last year to focus on philanthropy.


Launched in 1995, Amazon was a pioneer of fast and free shipping that won over millions of shoppers who used the site to buy diapers, TVs and just about anything. Under Bezos, Amazon also launched the first e-reader that gained mass acceptance, and its Echo listening device made voice assistants a more common sight in many living rooms.



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