Jeff Bezos to step down as Amazon’s CEO

Amazon CEO Jeff Bezos is leaving the designation of CEO. The Jeff Bezos will hold the title of Executive Chairman and remain the largest Shareholder in Amazon Company.

Jeff Bezos is truly the responsible for getting the Amazon highest rank in the world. Amazon is not only the E-commerce company but also Jeff Bezos made this company number one solution for cloud computing.

In letter to Employees Jeff Bezos said;

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.

Now the Jeff Bezos Net Worth is around $196 bn and he is the second richest man in the world after Elon Musk

Now the Andy Jassy is the new CEO of Amazon.

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