Saturday, December 4, 2021

Slide
Home IT Leadership Amazon founder Jeff Bezos to step down as CEO in July

Amazon founder Jeff Bezos to step down as CEO in July

Andy Jassy, the Amazon executive will take over the CEO role on 5 July 2021

Jeff Bezos, the founder of Amazon, who grew the company from an internet bookstore to an online shopping behemoth, has picked a date to step down as CEO. Bezos said on Wednesday that Andy Jassy, the Amazon executive will take over the CEO role on 5 July 2021.

“We chose that date because it’s sentimental for me”, Bezos said during a shareholder meeting on Wednesday. He explained that it was exactly 27 years ago on that date in 1994 that Amazon was incorporated.

The Seattle-based firm announced that Bezos was stepping down as CEO in February, but didn’t provide a specific date. Jassy, his replacement, currently runs the company’s cloud-computing business.

With a personal fortune of $167 billion, Bezos, 57, won’t be going far and will become executive chair at Amazon and focus on new products and initiatives. He also plans to focus on his other ventures, such as his rocket ship company, Blue Origin, and his newspaper, The Washington Post.

On Wednesday, the company 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.

Also read:DigiYatra: A paperless journey experience for domestic air travellers

Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

Distributed Artificial Intelligence Research Institute founded by Gebru after being fired from Google

AI needs to be brought back down to earth, said Gebru, Founder of Distributed Artificial Intelligence Research Institute Being fired from Google after sending an...

Data protection law to be beneficial for research, Kris Gopalakrishnan

To make the data available in a reliable format, in a format that is useful for research, is where the data protection laws in fact, I...

Digital financial super app introduced by Batelco in Bahrain

The Beyon Money digital financial super app includes Visa Prepaid Cards, Stored Value Wallet, and Open Banking Connectivity, categorization of expenses and financial Insights...

Machine learning: AWS announces new features

AWS has been helping customers with their machine learning journey and achieving their business outcomes To make technologies like machine learning more accessible and cost-effective,...

Recent Comments