Jeff Bezos announced the date of his departure as CEO of Amazon

Last February, Jeff Bezos confirmed his resignation as CEO of Amazon, but waited until now to set a date for his final departure. Today the founder of the e-commerce giant announced when he will be retiring to leave the position his successor, Andy Jassy.

Yesterday, March 26th, after it became known that Amazon bought MGM StudiosBezos confirmed that Jassy will take over the running of Amazon next July 5th.

  • You might be interested: Bezos is buying a mega-yacht for $ 500 million
Jeff Bezos announced the date of his departure as CEO of Amazon
Jeff Bezos announced the date of his departure as CEO of Amazon

“We chose this date because it has sentimental value to me.”the 57-year-old mogul said during a meeting with Amazon shareholders on Wednesday as it was that day but in 1994 when he founded Amazon Inc. in Seattle.

“This journey started about 27 years ago. Amazon was just an idea and had no name. The most common question I was asked at the time was, ‘What is the internet?’ Fortunately, I haven’t had to explain that for a long time. “. Jeff Bezos said when he announced his retirement via email almost 4 months ago.

“If you get it right, the new becomes normal a few years after an amazing invention. People yawn. That yawn is the highest compliment an inventor can get. When you look at our financial results, you really see the accumulated results Right now I think Amazon is the most inventive, so this is an optimal time for that transition. “added the billionaire in the same letter.

Andy Jassy / Image: Amazon

Andy Jassy, Replacing Jeff Bezos, is currently in charge Amazon Web Services, the company’s cloud service.

  • Also Read: Who Dethroned Jeff Bezos Temporarily This Week As The Richest Man In The World?

What is Jeff Bezos going to do now?

With a estimated net worth of $ 188 billion according to the Forbes Billionaires Index, Jeff Bezos You do not have to worry.

The entrepreneur becomes Amazon CEO and he plans to focus on his other businesses.

“As CEO, I will continue to participate in important Amazon initiatives, but I will also have the time and energy I need to focus on that.” Day 1 fund, Bezos Earth Fund, Blue origin, The Washington Post and my other passions. I’ve never had more energy and it’s not about retiring. I am very excited about the impact I believe these organizations can have “, Bezos noted on the announcement that he would be stepping down as CEO of Amazon.

Also yesterday, before the date of transition was confirmed, it was reported that Amazon acquired the historical film company Metro-Goldwyn-Mayer (MGM Studios) to the $ 8.45 billion.

The catalog of MGM has more than 4,000 films and 17,000 television series that will enrich the streaming service offering Amazon Prime Video. In addition, the infrastructure of the studios will increase the production of Amazon Studios, has so far mainly focused on television content.

The question is,Amazon will be able to hold without Jeff Bezos to the head? Only time can tell.

  • We recommend: According to specialists, Jeff Bezos’ Amazon could go bankrupt for these reasons

Similar Posts