Amazon founder and current CEO Jeff Bezos has announced his exit from the position of Chief Executive Officer. He will leave his position by the end of this year. Jeff Bezos, who served as the CEO of Amazon, which has made a mark in the e-commerce industry.
This news came at a time when Amazon’s profit has increased to a record level. Amazon Web Services Chief Andy Jessie will be given the responsibility for the position in place of Jeff Bezos. Jeff Bezos, the world’s richest man, based on a stake in Amazon, said he would step down in the third quarter of this year and would replace Amazon Web Services chief Andy Jessie as CEO.
Jeff Bezos is 57 years old and started Amazon from his garage. It then launched a venture that later dominated online retail. It features streaming music and television, rental equipment, cloud computing, robotics, artificial intelligence, and more.
This has happened because people have made the most online purchases during the Corona era. In a letter to Amazon employees, Jeff Bezos said he will continue to pursue important Amazon initiatives, but will now focus on other philanthropic initiatives such as his One Day Fund and Bezos Earth Fund, as well as other business ventures including space exploration and journalism.
