Jeff Bezos, after 27 years building Amazon into a global retailing superpower — and personally amassing an ungodly amount of money — later this year will relinquish the CEO spot.
In a surprise announcement, Amazon on Tuesday said Bezos will step down as chief exec in the third quarter of 2021 to become executive chairman. His handpicked successor is Andy Jassy (above right), the CEO of Amazon Web Services, who is relatively unknown to the ecommerce-shopping masses but is widely lauded on Wall Street.
So what will Amazon look like with Jassy installed in the CEO office? The short answer: It probably won’t be very different than it’s been under Bezos.
What’s important to realize is that Bezos isn’t leaving the company: He’s kicking himself upstairs, adopting the title of “executive chair,” and he’ll still be intimately involved in key strategic decisions at Amazon.
Bezos has referred to Amazon as an “invention machine.
In a surprise announcement, Amazon on Tuesday said Bezos will step down as chief exec in the third quarter of 2021 to become executive chairman. His handpicked successor is Andy Jassy (above right), the CEO of Amazon Web Services, who is relatively unknown to the ecommerce-shopping masses but is widely lauded on Wall Street.
So what will Amazon look like with Jassy installed in the CEO office? The short answer: It probably won’t be very different than it’s been under Bezos.
What’s important to realize is that Bezos isn’t leaving the company: He’s kicking himself upstairs, adopting the title of “executive chair,” and he’ll still be intimately involved in key strategic decisions at Amazon.
Bezos has referred to Amazon as an “invention machine.
- 2/3/2021
- by Todd Spangler
- Variety Film + TV
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