Jeff Bezos says will move baton to new Amazon CEO on July 5
27 May, 2021
Amazon founder Jeff Bezos has picked a date to step downwards as CEO.
Bezos, who grew Amazon from an internet bookstore to a great online browsing behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO position on July 5.
“We chose that time because it’s sentimental for me personally," Bezos explained during an Amazon shareholder assembly Wednesday. He discussed that it was exactly 27 years ago on that time in 1994 that Amazon was incorporated.
Seattle-structured Amazon.com Inc announced that Bezos was first stepping down while CEO in February, but didn't give a specific day. Jassy, his replacement, presently works the company’s cloud-computing organization.
Bezos, 57 and with an individual fortune of $167 billion, will not be going far. He'll become executive couch at Amazon and focus on services and initiatives. He likewise plans to focus on his different ventures, such as for example his rocket ship provider, Blue Origin, and his newspaper, The Washington Post.
On Wednesday, Amazon likewise announced it would purchase storied Hollywood studio MGM for $8.45 billion with the hopes of filling its video streaming service with an increase of reveals and movies to watch.
Source: japantoday.com