Jeff Bezos, the creator of Amazon, will hand up his CEO title to Andy Jassy on Monday. He is stepping down after running the corporation for more than two decades.
As previously reported, Bezos transitioned from CEO to executive chair in February, citing a desire to devote more time to his other endeavors, which include the Washington Post, space company Blue Origin, and philanthropy. He would, however, remain substantially involved in the company, according to reports
Mr. Jassy will be stepping into some huge shoes, as Bezos’ departure as CEO comes at a crucial time for Amazon. The pandemic sparked a surge in demand for its services, resulting in increased earnings and recruiting.
The billionaire stated in June that he will rocket himself into space next month. He stated that he will fly to space aboard the New Shepard, a rocket built by his aerospace business Blue Origin, on the first crewed trip. The travel is slated on July 20, just a few weeks after Bezos plans to depart as Amazon’s CEO, as previously reported. The moon landing of Apollo 11 will be commemorated on this day for the 52nd time.