Amazon Founder Jeff Bezos Resigns As CEO In Surprise Email To Staff
Amazon founder and world’s richest man has decided to step down from being the company’s CEO, a surprise email sent to his staff read on Wednesday morning.
Jeff is set to become the company’s executive chairman and get replaced by Andy Jassy, who currently leads Amazon’s cloud computing business.
I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence,” read the email.
“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 organisations can have,” he added.
This, after he single handedly led the company he started from his garage 3 decades ago to massive wealth.
Jeff Bezos, recently stunned the world when he grabbed back his position as the World’s Richest Man after making tens of billions while the world was reeling over the effects of the Covid-19 pandemic.
His move to step down came as a surprise to many, but not his critics.
Jeff’s unusual, incremental and often secretive approach on how he led his company to the top has made him more enemies that friends in the industry.
He has previously been labelled abusive and predetory to his workers and competitors.
This move left many of his critics unfazed.
Rather, they think it was meant to clean up his tainted image.
“Do not be fooled by Amazon. Jeff Bezos is still in a position of immense power as executive chair,” said Public Citizen, a US-based consumer rights activist group. “This abusive, predatory monopoly still needs a complete overhaul.”
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