Why Jeff Bezos As Technology Giant (Amazon) CEO Step Down:
Jeff Bezos As Technology Giant CEO will Step Down later this year. In a letter to employees, Jeff Bezos said he will transition to the position of executive chairman. Therefore he will focus on “new products and early initiatives” in the third quarter. Andy Jassy, the current CEO of Amazon Web Services, will replace him.
Andy Jassy has been with Amazon for as long as Jeff Bezos, 24 years to be exact.
In 1997, Andy Jassy joined Amazon the same year the company went public. Aged 53, he has built AWS from the ground up over the past two decades. Moreover he became CEO of the cloud computing platform in 2016. Andy Jassy is “one of the most powerful leaders not only in the IT sector, but also in the business world”.
Andy Jassy is a close confidant of Jeff Bezos.
He was a “shadow” advisor to Jeff Bezos at one point, joining the Chief Executive in high-level meetings. In his letter to staff announcing his departure as CEO, Jeff Bezos stated that Andy Jassy will be an “outstanding leader”.
Andy Jassy is one of Amazon’s highest paid executives.
It has raised a total of more than $20 million (approximately ‘16.6 million) over the past three years. In 2016 alone, Andy Jassy earned more than $36 million (about ’30 million), while Bezos earned about $1.7 million (about ‘1.4 million) in total, according to CNBC.
Andy Jassy have been a candidate for the CEO position at Microsoft and Uber
Former Microsoft CEO Steve Ballmer approached Andy Jassy at one point to replace him as the company’s chief executive officer. Andy Jassy may have taken over the CEO position at Uber after Travis Kalanick left in 2017.
He speaks openly on political and social issues
Andy Jassy has spoken out against police killings of black Americans and in favor of court decisions to outlaw discrimination against members of the LGBTQ community, among other calls for action. Andy Jassy also spoke out against former President Donald Trump’s contempt for Amazon and led AWS in the company’s decision to ban Parler, a social media application popular among the far right.
To conclude this “Why Jeff Bezos As Technology Giant CEO Step Down” Jeff Bezos will have more time for doing other activities.
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