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‘It isn’t about retiring’ says Jeff Bezos on stepping down as CEO of Amazon February 03, 2021 To take up new role as Executive Chairman Amazon founder and CEO Jeff Bezos is transitioning to Executive Chair of the Amazon Board in Q3 (July-September) this year, making way for Andy Jassy, CEO of AWS (Amazon Web Services) to take over as the CEO of Amazon.   “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and ...

Jeff Bezos announced the news in an email to staff Tuesday.

Who is Andy Jassy, the man replacing Jeff Bezos at Amazon as its CEO Jassy, who heads one of the most important divisions in Amazon, joined the company in 1997 right after completing his graduation. Ankita Chakravarti | February 3, 2021 | Updated 10:04 IST Highlights Amazon CEO and founder Jeff Bezos announced that it would step down as the CEO of the company. Jassy will take over as the new CEO of the company. Jassy started Amazon’s AWS, Amazon’s cloud service platform in 2006. Amazon CEO and founder Jeff Bezos announced that it would step down as the company's CEO. This does not mean tha...

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. 2 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 powe...

Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal The Delhi High Court on Tuesday asked Future Retail Ltd (FRL) to maintain the status quo with respect to its $3.4 billion (about Rs 24,700 crore) deal with Reliance Retail. The court said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon.Read more Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again The benchmark indices notched record closing highs on Tuesday as the buying frenzy triggered by the Budget continued for the second day. Th...