We have known for some time that Amazon founder and CEO Jeff Bezos planned to hand over the day-to-day portion of the company to a trusted lieutenant, but now we know when the transition will take place.
The richest man in the world will hand over the reins to Amazon Web Services (AWS) owner Andy Jessie on 5 July. Why is that date important? It marks the 27th anniversary of the founding of the revolutionary e-commerce site.
In the comments issued to Variety, Bezos said: “We chose that date because it’s a sentimental one for me. It’s the date that Amazon was incorporated in 1994, exactly 27 years ago. I’m very excited to move into the role of execution chair Where I will focus my energy and new products and initial initiatives. ”
Led by Bezos, Amazon grew from an online bookstore to an online bookstore incorporating online shopping, media streaming, local grocery shopping and most recently smart home control and the ability to interact with Alexa voice assistant under the name Alexa. is.
The announcement comes on the day Amazon announced another major expansion – the acquisition of Hollywood studio MGM, which includes the James Bond, Rocky and Robocop franchises.
Bezos has many other interests outside of Amazon. He runs a Blue Origin private space firm and owns the Washington Post newspaper. He also has the Bezos Earth Fund to oversee, a $ 10 billion philanthropic quest to reverse climate change.
In Letter to employees Earlier this year, Bezos wrote: “As Exic Chair I will engage in important Amazon initiatives, but I have 1 day fund, Bezos Earth Fund, Blue Origin, The Washington Post, and my focus. Need. Other passions. I don’t have much energy, and it’s not about retiring. I’m super passionate about the impact these organizations are having. “