Amazon begins new chapter as Jeff Bezos hands over CEO role
By Alexandra Olson article
Amazon CEO Jeff Bezos attends the Amazon Prime Video s Golden Globe Awards After Party at The Beverly Hilton Hotel on January 6, 2019 in Beverly Hills, California. (Photo by Emma McIntyre/Getty Images)
SEATTLE - Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February.
Bezos, Amazon’s biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives.
The e-commerce giant navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Jul 5th, 2021
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NEW YORK (AP) Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Andy Jassy, who ran Amazon s cloud-computing business, replaced Bezos, a change the company announced in February.
Bezos, Amazon s biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives.
El fundador de Amazon, Jeff Bezos, dió un paso al costado al dejar este lunes su puesto como director general, entregando las riendas en momentos en que la compañÃa enfrenta los desafÃos de un mundo que lucha por salir de la pandemia del coronavirus.
Andy Jassy, quien estuvo al frente del negocio de servicios de nube de Amazon, reemplazó a Bezos, en un cambio que la compañÃa anunció en febrero pasado.
Bezos, el mayor accionista de Amazon con una participación valuada en unos 180,000 millones de dólares.
Sin embargo, conservará la última palabra en la compañÃa que inició en su garaje de Seattle en 1995. Asumirá el cargo de presidente ejecutivo, con planes de enfocarse en nuevos productos e iniciativas.
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Amazon founder Jeff Bezos stepped down as CEO on Monday (US time), handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Bezos takes over the role of executive chair at Amazon, with plans to focus on new products and initiatives.
Credit:AP
Bezos, Amazon’s biggest shareholder with a stake worth about $US180 billion ($239 billion), will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives.
Jassy takes the helm of a $US1.7 trillion company that benefited greatly from the pandemic, more than tripling its profits in the first quarter of 2021 and posting record revenue as customers grew ever more dependent on online shopping.