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Technology by Sarah Sharples   Amazon founder Jeff Bezos will be replaced by Andy Jassy, who will take over the top spot of the company during the third quarter of this year. Mr Bezos will still be a part of the company that he founded in 1994 and will transition to executive chair of Amazon's Board. "I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO," Mr Bezos said in a letter to employees. "In the Exec Chair role, I intend to focus my energies and attention on new products and e...

Jeff Bezos Stepping Down From Amazon, See His Statement To Employees, Consumers: Full Text 02/02/21 AT 4:54 PM After unprecedented success as the Chief Executive Officer of online retail giant Amazon, Jeff Bezos is officially stepping down from his role in the company and will be handing over the reins as CEO to Andy Jassy. Bezos on Tuesday revealed his plans to step down in an email featured on the company’s website, stating that he was going to be putting focus as Executive Chair of the board on other passions and projects for the company. Read his full statement below: Fellow Amazonians...

Andy Jassy, who is the chief executive of Amazon Web Services. Bezos will transition to the role of executive chair later this year.  In a letter to employees, Bezos said the transition will give him the time to focus "on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions." He told employees that he continue to help Amazon in his new role. "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 outs...

Fellow Amazonians: I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. 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 he has my full confidence. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t...

Andy Jassy, who is the chief executive of Amazon Web Services. Bezos will transition to the role of executive chair later this year.  In a letter to employees, Bezos said the transition will give him the time to focus "on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions." He told employees that he continue to help Amazon in his new role. "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 outs...