Jeff Bezos Stepping Down as CEO of Amazon


Did you go into Tuesday expecting it to be a quiet kind of day? Welp, Jeff Bezos isn't going to let that happen! The company Amazon announced today that Bezos will be stepping down as CEO and will be replaced by Andy Jassy, the chief executive of Amazon Web Services. Jeff Bezos isn't completely out of Amazon, he will transition to third chair.

Bezos has decided to transition his role after wanting more time to focus on the other charity and businesses he is currently involved with.

In a statement to employees Bezos said

“Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” said Jeff Bezos, Amazon founder and CEO. “If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition."

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