Amazon founder and CEO Jeff Bezos on Tuesday announced his transition to the role of the executive chairman in the third quarter of this year. He would step down as the chief executive officer, handing over the role to Andy Jassy, CEO of Amazon Web Services. Several tech CEOs including Sundar Pichai have sent their best wishes to Bezos.
In a letter to Amazon employees, Bezos said he would stay engaged in important Amazon initiatives, but would indulge in philanthropic initiatives, including his Day One Fund and Bezos Earth Fund, and other business ventures in space exploration (Blue Origin) and journalism (The Washington Post).
The 57-year-old executive made the head of Amazon’s cloud division Amazon Web Services, Andy Jassy as his successor, saying that he is well known inside the company and has been associated with Amazon almost as long as him. He will be an outstanding leader, and he has my full confidence, Bezos said in a letter to his employees.
Among the several tech leaders, Google’s CEO Sundar Pichai was the first to congratulate Bezos on his farewell as the chief officer of Amazon. He took to Twitter and sent out his best wishes to Bezos for Day 1 and Earth fund. He also congratulated Jassy on his new role.
The CEO of Microsoft, Satya Nadella also took to social media to congratulate both Bezos and Jassy on their new role. Noting the Jassy’s accomplishment, Nadella on Twitter wrote, a well-deserved recognition of what you have accomplished.
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The Salesforce CEO, Marc Benioff also sent out his best wishes to Jassy, saying Amazon could not be in better hands. Founder of Fable and board member of Spotify, Padmasree Warrior praised Jassy’s for his new role. Congratulating him, she said it was a well deserved step-up to lead Amazon.
Also, CEO of Softbank, Marcelo Claure welcomed Bezos to the executive chairman club. He said this is when the real fun begins.
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In 1994, Bezos founded Amazon in his garage and went on to grow it into an online retail giant with operations in almost every sector ranging from music, television, groceries, cloud computing, robotics, artificial intelligence and more.