Online Trading
Bezos: Andy Jassy to be new Amazon chief on July 5
Jeff Bezos, founder of Amazon, attends an event of the company for novelties. Photo: Andrej Sokolow / dpa
27 Years ago, Jeff Bezos founded what is now the world’s largest online trading platform Amazon. Now he is retiring from the top of the company. But it’s not about retirement.
The change of boss at the head of the world’s largest online retailer Amazon will take place on July 5. Andy Jassy will then take over as CEO, company founder Jeff Bezos said Wednesday at Amazon’s shareholder meeting.
The change of staff will therefore take place on the 27th anniversary of the company’s foundation.
Amazon had already announced the change at the beginning of February, but without giving an exact date. Jassy is currently head of the booming Cloud business. As Executive Chairman of the Board of Directors, Bezos is likely to continue to exert great influence on the Group even after his resignation.
The 57-year-old top manager founded Amazon in 1994 and built the company from an online bookstore to a trillion-dollar corporation. In a memo to Amazon employees, Bezos had written in February that his decision was not about retiring.
In his future role as chairman of the Board, Bezos wants to focus his energy and attention on new products and initiatives. In addition, he gains more time for other projects such as his foundations, his space company Blue Origin or the newspaper “The Washington Post”, which is privately owned.
