Andy Jassy is reported to take the office as the next chief of Amazon after Jeff Bezos stepped down. Check out with us for more details of the replacement.
Andy Jassy as the next Amazon's CEO
Photo: Nypost.com
Jeff Bezos To Step Down As Amazon's CEO
Amazon founder Jeff Bezos will step down as the company's chief executive officer this summer, after more than a quarter-century at the helm of the retail, logistics and tech powerhouse.
Bezos will become Amazon's executive chairman and remain its biggest shareholder, the company said on Tuesday. He will hand over the CEO reins to Andy Jassy, the head of Amazon's cash-cowcloud computing division.
Jeff Bezos To Step Down As Amazon's CEO
Photo: Thejakartapost.com
In recent years, Bezos had already largely stepped back from day-to-day role managing Amazon's business, focusing on longer-term projects at the company and his outside projects including rocket company Blue Origin.
He did take a more hands-on approach during the early months of the pandemic last year, however, as demand for deliveries soared but also tested Amazon's ability to keep up. AWS, which sells cloud computing services to other companies, also experienced surging demand as many people and businesses realigned for remote work.
Intel Corporation announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors.
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