Big news from Jeff Bezos! Amazon CEO resigns, to be replaced News

Amazon CEO Jeff Bezos has resigned. He will take up his post by the end of this year.

Washington, February 03: Amazon CEO Jeff Bezos has resigned. He will step down by the end of this year. Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos in the third quarter of this year. In addition, Jeff Bezos has announced that he will be the executive chairman of the board. Bezos has also sent a letter to his staff informing them of the decision. In a letter written on Tuesday, he said he was stepping down as CEO of the company. Jassy is currently the head of Amazon’s web services.

Profits were at record levels in the Corona period

Bezos founded Amazon as a startup. Now Amazon has become one of the largest companies in the world. Jeff is the richest man in the world because of his partnership with Amazon. His company had sales of 100 100 billion in the last three months of 2020. As a result, Amazon’s profits rose to record levels.

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Bezos will focus on this after his resignation

Bezos said in a letter that he would be involved in important Amazon projects but would focus on philanthropic initiatives, the Welfare Scheme Day One Fund and the Bezos Earth Fund. He has also expressed confidence in Andy Jesse. In addition to Bezos Amazon, the Washington Post owns the newspaper and private space company Blue Origin.

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Was founded in 1994

Amazon was founded in 1994 by Jeff Bezos. From an online bookstore to a mega online retailer, Amazon has made a name for itself. A wide variety of products are sold by Amazon around the world. Amazon has also set their sights on India. Various offers, home delivery services etc. during the Corona period. The facilities were used by the customers. During this time, Amazon has been a boon to the people. From groceries to electronic items, clothes, home decor items, mobile phones etc. Such and many such items are available on Amazon today with a single click.

Published by:Janhavi Bhatkar

First published:February 3, 2021, 8:52 AM IST


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