Trending

Stories

Jeff Bezos’ Official Retirement Lets Andy Jassy Take Over as Amazon CEO

Must Read

Jeff Bezos, who founded Amazon exactly 24 years ago on July 5, 1994, has officially stepped down, and former AWS executive Andy Jassy has taken over as the CEO of the commerce behemoth.

On the Amazon investor relations website, Jassy is now listed as President and CEO of Amazon.com and also serves on the Board of Directors.

Also Read

Jassy founded and led Amazon Web Services (AWS) from its inception and served as its CEO from April 2016 until July 2021.

In May, Bezos announced that Jassy would take over as the CEO of the e-commerce giant on July 5.

The outgoing CEO said that he chose the date because July 5 is a sentimental one for him. “It’s the date that Amazon was incorporated in 1994, exactly 27 years ago,” he had said.

Jassy joined Amazon in 1997 and, prior to founding AWS, held various leadership roles across the company, including both business-to-business and business-to-consumer.

It is estimated that about half of the company’s revenue comes from AWS.

AWS, which is the Cloud arm of Amazon, logged a $54 billion annualized run rate — a 32 percent year-over-year growth — in the March quarter this year.

Bezos is also the founder of aerospace company Blue Origin, which is working to lower costs and increase spaceflight safety. He is the owner of the Washington Post. He has launched two philanthropic organizations.

Bezos will fly to the edge of space along with their brother onboard his company Blue Origin’s tourism rocket — New Shepard — on July 20.

In a video uploaded on his Instagram profile, Bezos is heard saying that he and his brother Mark will be launching into space on July 20 aboard a rocket built by his space company Blue Origin.

Bezos, who built an online bookstore into a $1.7 trillion technology empire reaching into space, announced in February he will be stepping down as CEO at the apex of his career to focus on innovations.

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Related

- Advertisement -
- Advertisement -
Nothing Phone (2) Confirmed for India Production Fitbit Integration with Google Accounts Begins Xiaomi 13 Ultra Global Launch: Offers, Price, Specs Meta Unveils Quest 3 VR Headset, Reduces Price for Quest 2 Foxconn to Manufacture iPhones in Karnataka, India: Creating 50,000 Jobs Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech
Nothing Phone (2) Confirmed for India Production Fitbit Integration with Google Accounts Begins Xiaomi 13 Ultra Global Launch: Offers, Price, Specs Meta Unveils Quest 3 VR Headset, Reduces Price for Quest 2 Foxconn to Manufacture iPhones in Karnataka, India: Creating 50,000 Jobs Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android