Amazon’s creator and owner Jeff Bezo’s is schedule to step down from his CEO position later this year. The company has announced Andy Jassy as his torch recipient in a transition that will take place in Q3. Jassy has been a Amazon team member since 1997 who’s spearheaded it’s Web Services (cloud) division thereon. Bezo’s laid Amazon’s foundation in 1994 and went on to erect a online retail fortress with a global span.
“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO stated Bezo’s in an employee statement. 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.”
The news came congruent with their earnings report which docked the company at it’s highest quarter ($100 billion) ever. But followed the FTC’s orders to pay $62 million to drivers who were underpaid tips as reported by CNBC.
Bezo’s has declared that he has plans to remain active while also expressing “excitement” about the change. The effective entrepreneur also encouraged his employees saying “Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1.
BY: BEWITTY Staff