New Delhi [India], February 4 (FeedsIndia): Andy Jassy, the head of Amazon’s cash-cow cloud computing division, has been at Amazon for most of its lifetime and will be handed over the CEO reins as Jeff Bezos is stepping down.
Amazon founder Jeff Bezos has revealed that later this year, after 27 years at the helm, he will step down from the position of CEO of the online E commerce Giant.
Bezos will now take charge as Amazon’s executive chairman.
Jeff Bezos will continue to be the largest shareholder, the company said on Tuesday.
The Successor of Amazon
Andy Jassy is one of the most trusted lieutenants of Jeff Bezos, and he was gradually seen as Bezos successor, provided that back in 2003.
He was named the CEO’s technological “shadow” (where he had to accompany Bezos to all his meetings).
He is credited for writing the initial business plan for AWS, and he has been overseeing the division since it was introduced in 2006.
The elevation of Andy Jassy also signals the significance of AWS within the array of divisions of Amazon.
According to several sources, Bezos has been stepping down from the day-to-day roles of managing Amazon’s operations in recent years.
He is concentrating on the company’s longer-term ventures, including his Blue Origin rocket venture.
“As much as I still tap dance into the office, I’m excited about this transition,” Bezos wrote in a letter to the employees on Tuesday.
“As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions,” bezos wrote.
New Delhi [India], February 4 (FeedsIndia)