Jeff Bezos Will Give Way To a New CEO Of Amazon And Reserves The Position Of President Of The Company

Billionaire mogul Jeff Bezos announced Tuesday in a letter to his employees that he will step back as Amazon CEO at the end of the year. In his letter, Bezos assures that he will continue to be linked to the company as CEO, while his current position will be held by Andy Jassy, ​​who until now served as CEO of Amazon web services, an Amazon subsidiary.

“Andy is well known within the company and has been with Amazon almost as long as I have. He will be an outstanding leader and has all my confidence,” Bezos has conveyed to his fellow ‘Amazonians’. In the letter, the Amazon co-founder has also allowed himself to look back to take stock: “This journey began about 27 years ago. Amazon was just an idea and had no name. The question I was asked most frequently at that time was: ‘What is the Internet?’ Fortunately, I haven’t had to explain that in a long time. “

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The open letter, in which the second richest man in the world addresses his subordinates, also explains the reason for his departure: “Being the CEO of Amazon is a great responsibility and it consumes. When you have a responsibility like that, it is difficult to pay attention to One other thing. As CEO I will continue to participate in important Amazon initiatives, but I will also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post and my other passions. ” “I have never had more energy and it is not about retiring,” he clarified.

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