Amazon founder Jeff Bezos has announced that he will step down as CEO for 27 years. In the third quarter, Andy Jassy, head of Cloud Computing at Amason Web Services, will be the company’s CEO. Bezos, who will continue to serve as Amazon’s chairman of the board and thus his reputation in the company, will focus on projects at his space research company, Blue Origin.
“I have more energy than ever and it has nothing to do with retirement,” the 57-year-old multimillionaire wrote in a letter to Amazon employees. Bezos said he wanted to devote more “time and energy” to other projects.
“The right time to hand over”
Other companies owned by Bezos include Blue Origin, along with the Washington Post. In addition, Bezos, which helps the homeless and supports preschool education in low-income areas with the One Day Foundation, is working with the Earth Fund to combat climate change. “I’m very excited about the impact these organizations can have,” said Jeff Bezos.
Stating that Amazon will continue to participate in important initiatives, Bezos said that the company is more “original and creative” than before, adding that the time has come to hand over. Bezos said he believed the company’s future CEO, Jassy, would be a “superior manager,” adding that the new manager had “full confidence.”
Jassy, who has worked for Amazon since 1997, founded Amazon Web Services (AWS) in 2003, which provides cloud computing platforms. AWS is seen as one of the most lucrative segments of Amazon.
Bezos, the world’s richest man, founded Amazon in 1994 to sell books online in Seattle. Amazon, one of the largest Internet companies in the world, operates in many areas, including e-commerce, cloud computing and artificial intelligence.
There are more than 1 million employees worldwide
Amazon has more than 1 million employees worldwide, of which about 800,000 are in the United States. Although the firm’s market value is estimated at about $ 1.69 trillion, that amount is said to be ten times the company’s value a decade ago. According to Forbes magazine, Bezos is the richest businessman in the world with a personal fortune of about $ 197 billion.
Amazon, as in many countries, is often criticized in Germany for poor working conditions. Restrictions on public life due to the corona crisis, like many other technology companies, have benefited Amazon. Last year, the company’s turnover increased by 38 percent to 386 billion 100 million dollars. The company’s profit doubled compared to the previous year, reaching $ 21.3 billion.