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521 Views The billionaire founder of Amazon, Jeff Bezos, is stepping down as the company’s CEO in an announcement that has hit the headlines the world over. The news was shared on Tuesday, February 2nd amid the online behemoth’s latest financial results in which Amazon reported sales of $125.6bn in the last three months of 2020. The results, stated the company, made for the largest quarter to date. A combination of holiday season sales and the surge in online shopping driven by the pandemic fuelled a net sales growth of 44 per cent for the fourth quarter, and a 38 per cent for the full y...

Bezos will transition to the role of executive chair.

Bezos will transition to the role of executive chair.

Amazon gets jazzy with new CEO Andy Jassy; Bezos keeps Chairman title Andy Jassy, who is currently the CEO of Amazon Web Services (AWS), will be stepping into Bezos shoes in later this year Nidhi Singal | February 3, 2021 | Updated 13:26 IST Amazon.com's new chief executive, Andy Jassy with Union Minister Ravi Shankar Prasad One of the most established names in the tech world, Jeff Bezos is stepping down as CEO of e-commerce giant Amazon. Andy Jassy, who is currently the CEO of Amazon Web Services (AWS), will be stepping into Bezos shoes in later this year. Amazon currently employs over 1.3 ...

Jeff Bezos: Read Amazon founder’s letter to employees © Provided by The Independent Jeff Bezos in 1999 on the future of the internet Amazonfounder and CEOJeff Bezos announced on Tuesday he is stepping down from his current role with the company he started in 1994 as an online bookstore, which exploded into a retail and computing mammoth. Andy Jassy, the chief executive of Amazon’s cloud computing division, will take over. Mr Bezos will serve as executive chair of the Amazon board. The changes are effective this July at the start of the third quarter. Fellow Amazonians: I’m excited to ...