Jeff Bezos Stepping Down as Amazon CEO
Why now?
Jeff Bezos will step down as Amazon CEO in the third quarter of 2021.
In a letter to Amazon employees published Tuesday afternoon, Bezos announced that he would transition to executive chairman, where he’ll focus on “new products and early initiatives.”
“Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote. “When you have a responsibility like that, it’s hard to put attention on anything else.”
Bezos said that while he will still be involved in important initiatives at Amazon, he plans to spend more time on philanthropy ” including the Bezos Earth Fund and his Day 1 Fund ” as well as his two other major endeavors: the Washington Post, which he purchased 2013, and his rocket company, Blue Origin.
Andy Jassy, who currently serves as CEO of Amazon Web Services, will replace him. Bezos wrote that Jassy will be an outstanding leader, and that he has Bezos’ “full confidence.”
Like I said why now? Stay prayed up and prepped up.