Jeff Bezos Stepping Down – Andy Jassy will Taken Amazon CEO Post – Amazon CEO Jeff Bezos leaving his CEO hair on July 5. Bezos is the Founder and Current CEO of e-commerce giant Amazon. It is one of the Big Five companies in the US information technology Industry. Bezos said on Amazon shareholder meeting “We chose that date because it’s sentimental for me,” he said that it was exactly 27 years ago on that date in 1994 that Amazon was incorporated.
Bezosjust leaving his CEO chair, he will become an executive chairperson at Amazon and started to focus on new products and his other ventures, such as his rocket ship company, Blue Origin, and his newspaper, The Washington Post.Andy Jassy going to take the power of Amazon CEO who is the current CEO of Amazon Web Services. Jassy earned his bachelor’s degree from Harvard University and his masters of business administration from Harvard Business School.
He Joined Amazon in 1997 and started his careers as Marketing Managerthen became a member of senior executive team in 2002. He came up with a new idea to create a cloud computing platform which later became as Amazon Web Services (AWS). AWS launched in 2006 and Jassy was head of AWS with team of 57 people since its beginning. After the Huge success of AWS now Jassy going to become Amazon’s new CEO in July 5.
Bezos giving up his chair with personal fortune of $167 billion. Amazon also announced it would buy storied Hollywood studio MGM for $8.45 billion with the hopes of filling its video streaming service with more shows and movies to watch.
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