Amazon CEO Jeff Bezos to Resign Soon, Who will Takeover? Details Inside

Breaking News! Amazon CEO Jeff Bezos will step down from his current role in the world’s largest online marketplace company.

by FighterMan Updated: 25 Feb, 2021, 05:40 IST
8 1687
Amazon CEO Jeff Bezos to Resign Soon, Who will Takeover? Details Inside

Yesterday, Amazon announced that Jeff Bezos will step down from his CEO position in the third quarter of this year. He will now take the position of Executive Chairman in the company. Jeff Bezos said that he wants to concentrate on his passions like Day 1 Fund, Bezos Earth Fund, Blue Origin, Washington Post, and others which is why he took this decision.

Meanwhile, Amazon, for the first time, achieved $100+ Billions in quarterly sales. Additionally, the company reported its 3rd consecutive record profit. Experts assumed $119.7 in net sales, but it was way ahead at $125.56 which shows how well Amazon has utilised the lockdown period. Moreover, it broke records in online, subscription, third party, and other sales.


Who will become the Next Amazon CEO?
Who will become the Next Amazon CEO?

In the third quarter of this year, Amazon’s cloud computing head Andy Jassy will take over the chair of CEO. Andy Jassy has been working with Amazon for the past 23 years. He was the one who laid out the foundation of Amazon Web Services(AWS) which is a widely used cloud computing platform around the world. Although, AWS achieved a lesser revenue of $12.7 Billion compared to $12.8 as told by experts.

Andy Jassy, soon after completing his MBA from Harvard Business School, joined Amazon. Just 3 years in the company, he was assisting Jeff Bezos in technical development. In addition, he played a key role in rising Amazon from an online book store.

It will be interesting to see how Andy Jassy shifts gears from AWS to the new CEO tag. Also, how Jeff Bezos can still play a leading role in his own founded Amazon. What do you think about this? Do share your views with us via the comments box below.

8 Comments  |  
8 Dimers
  • Sort By
3
314
21

He is not resigning he is getting upgraded to executive chairman..

5
278
1

>> Do share your views with us via the comments box below.

My view is that Jeff Bezos resigns or not, it doesn’t make any difference in my life. stuck_out_tongue

1,012
1077
5

jeff bezos not going to resign ……….. jeff and jack ….. amazon and alibaba …… “jab tak hai jaa tera saath nahi …..” tom and jerry true friends smile

55
1921
44
Admin

Sorry guys, but the truth is that he will resign from his CEO position.

105
36
1
mak0707 wrote:

>> Do share your views with us via the comments box below.

My view is that Jeff Bezos resigns or not, it doesn’t make any difference in my life. stuck_out_tongue

It’s definitely make some difference like increase cash back or may decrease 🤣🤣🤣

replyuser