Jeff Bezos To Step Down As Amazon CEO This Year, Replaced By Andy Jassy

Jeff Bezos is about to step down as Amazon CEO after 27 years in the position. The new executive officer will be Andy Jassy – the man behind the success of the Amazon cloud business.

According to an email to his employees, Bezos said the reason for his resignation is to spend more time on his new products:

Answering analysts and reporters, Brian Olsavsky – Amazon CFO, assured that Jeff Bezos will continue to contribute to many areas of innovations and product development.

Olsavsky said Bezos would still have a say in decisions that aren’t easily changed or reversed.

However, he said Amazon had no details to share on who would replace Jassy.

Andy Jassy joined Amazon in 1997 and he has long been the most likely candidate to be the successor of Jeff Bezos. There is another exec that can replace Bezos as Amazon CEO, Jeff Wilke, however, Wilke said last year that he would soon retire.

After a huge surge during the pandemic, Jeff Bezos saw his net worth increase to over $180 billion.

Bezos turned 57 years old this January and here is what he said to his staff:

>>> Amazon Employees Can Work From Home Until June 2021