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Jeff Bezos to Stand Down as CEO of Amazon Later in 2021

posted by martyb on Tuesday February 02 2021, @10:56PM   Printer-friendly

takyon writes:

Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3

Amazon CEO Jeff Bezos will step down later this year, turning the helm over to the company's top cloud executive Andy Jassy.

Jassy joined Amazon in 1997 and has led Amazon's Web Services cloud team since its inception.

Bezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund.

[...] Bezos will transition to executive chairman of Amazon's board.

Also at The Guardian and TechCrunch, Ars Technica, CNET, and Mashable

See also: Jeff Bezos to step down as Amazon CEO after record-smashing 2020 ends with first $100-billion quarter

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  • (Score: 4, Interesting) by The Mighty Buzzard on Wednesday February 03 2021, @04:27AM (3 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Wednesday February 03 2021, @04:27AM (#1108333) Homepage Journal

    Brilliant founders stepping down from a company that's just too successful for even their own good pretty much always leads to a slide into mediocrity. And since having one overwhelmingly dominant player taking care of the majority of the online marketplace in the US is not a good thing, this is.

    --
    My rights don't end where your fear begins.
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  • (Score: 0) by Anonymous Coward on Wednesday February 03 2021, @07:17PM

    by Anonymous Coward on Wednesday February 03 2021, @07:17PM (#1108596)

    Hey, we agree!

    I figure if Bezos stayed at Amazon another 20 years, we would reach 2040 with Amazon acquiring Microsoft, Walmart, and a few other competitors and starting to lose profitability simply because they already own everything.

  • (Score: 2) by helel on Sunday February 07 2021, @02:34AM (1 child)

    by helel (2949) on Sunday February 07 2021, @02:34AM (#1109848)

    I think it's more likely that when corporate bureaucracy becomes too unwieldy the founders tend to step away. Why stick around fighting with HR and legal and shareholders and PR when you can just take your money and go do something else.

    --
    Republican Patriotism [youtube.com]