Jeff Bezos Steps Down as Amazon’s CEO Today After 27 Years
This Monday, Amazon founder Jeff Bezos will hand over his chief executive title to Andy Jassy. He’s ending a more than two-decade run leading the company.
RELATED: Amazon Founder Jeff Bezos Announces He Will Fly Into Space Next Month
As we previously reported, back in February, the company announced that Bezos would transition from CEO to executive chair, saying he wanted to spend more time on his other ventures, including the Washington Post, space company Blue Origin and philanthropy. However, it was said that he would still be heavily involved in the company.
Mr. Jassy will have some big shoes to fill as Bezos’ exit as CEO comes at a critical time for Amazon. The pandemic created massive demand for its services, leading to jumps in profits and in hiring.
Back in June, the billionaire announced that he is launching himself into space next month. He said he will fly to space on the first crewed flight of the New Shepard, a rocket made by his aerospace company Blue Origin. As it was noted, the flight is scheduled for July 20, just a couple of weeks after Bezos plans to resign as Amazon’s CEO. The date will also mark the 52nd anniversary of the Apollo 11 moon landing.