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Updated: 3 Feb 2021, 8:42
AMAZON has announced that its billionaire owner Jeff Bezos will be stepping down as chief executive after almost 30 years.
He will hand the reins of the technology company to Andy Jassy.
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Who is Andy Jassy?
American businessman Andy Jassy joined Amazon as a marketing manager back in 1997 after attending Harvard.
The 52-year-old went on to found Amazon Web Services in 2003, with a team of 57 people.
In 2016, he was promoted from senior vice-president of AWS to CEO.
When is Andy Jassy replacing Jeff Bezos as CEO of Amazon?
According to the company, the switch in power will take place in the third quarter of 2021.
Introducing Andy Jassy, Amazon s soon-to-be CEO.
By
Benjamin Cassidy
2/3/2021 at 10:53am
Not quite a farewell.
Talk about burying the lede. Well into Amazonâs latest earnings press release, once you get beyond the many, many, many billions the company made last year (snore), thereâs an almost comic understatement: âAmazon is also announcing today that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.â
This is âalsoâ in the way that a teenager slips in a bit about detention or a girlfriend before scurrying off to their room. Before moving on to more 2020 recapping, though, Amazon let the reveal linger for a moment longer in its Tuesday announcement. In a statement from Bezos, the founder who built an e-commerce giant out of his Seattle-area garage touts the companyâs inventionsâPrime, Kindle, and Alexa among themâbefore alluding to