After 26 Years Jeff Bezos Steps Down As Amazon CEO

Jeff Bezos, world’s richest man, and founder of popular global retail and logistics company, Amazon, has stepped down as CEO.

To replace him in the CEO role, is Andy Jassy, who has been running ‘Amazon web Services’ since 1995, while Jeff Bezos would now take up the role of executive chair of  the company.

Read below, Jeff Bezo’s Letter to his employees about the transition;

“When you have a responsibility like that, it’s hard to put attention on anything else. 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. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.”

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