Jeff Bezos Is Stepping Down as Amazon CEO

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Jeff Bezos resigns from his post on Amazon.

On Tuesday, February 2, the tech company’s founder and CEO announced that he would take on the role of executive chair later that year. Managing Director of Amazon Web Services Andy Jassy becomes the next CEO.

In an email memo to the published staff, Bezos reflected on Amazon’s insurmountable growth over the past nearly three decades.

“This journey began 27 years ago,” he said. “Amazon was just an idea and had no name. The question I was asked most often at the time was, ‘What is the internet?’ Fortunately, I haven’t had to explain that for a long time. “

In 1995, the Princeton University graduate founded Amazon as an online bookstore in his garage. According to CNBC, 57-year-old Bezos is the second richest person alive after Tesla and the founder of SpaceX Elon Musk. Bezos is valued at $ 184 billion.

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