Jeff Bezos, the man behind the success of Amazon, the world’s largest and most phenomenal e-commerce platform, announced Wednesday that he will step down as CEO of the company. He will officially hand over his post in Quarter 3/2021.
In a letter sent to Amazonians, the name for Amazon employees, Bezos said he would switch roles as Executive Chair of the Amazon Board after that.
As Executive Chair, Bezos stated that he would focus his energy and attention more on a number of products such as the Bezos Earth Fund, Blue Origin, The Washington Post, and other interests.
Meanwhile, the position of Amazon CEO was handed over to Andrew R. Jassy, also known Andy Jassy, a figure who now serves as CEO of Amazon Web Service, a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis.
“I’m excited to announce that this Q3 I’ll transition to the Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos said in the letter, a letter sent after 27 years of Amazon’s existence and employing 1.3 million employees.
Bezos succeeded in turning an idea into a company with a market capitalization of US$1.69 trillion, the fourth largest in the world, according to Companiesmarketcap.com as of February 3, 2021.
His success in building Amazon then led Bezos to become one of the richest people in the world according to the Bloomberg Billionaires Index which was released on February 3, 2021 with a total wealth of US$197 billion.
Its success has one key: discovery. Invention is the root of its success. “We’ve been doing crazy things together, and then normalizing it,” Bezos wrote.
Some of the crazy ideas that Bezos meant that were considered normal include being a pioneer of customer reviews, 1-Click, personalized recommendations, Prime’s insanely fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, cloud computing infrastructure, Career Choice, and much more.
Now, Amazon is big, has become one of the most successful technology business conglomerates in the world. Bezos hopes that his colleague, Jassy, who has joined Amazon almost the same as him, continues the company’s success story.