The company announced in February that Bezos would transition from CEO to executive chair, saying he wanted to spend more time on his other ventures, including the Washington Post, space company Blue Origin and philanthropy.īut even as he steps back into a less public role at the company, Bezos will still have tremendous influence at Amazon for years to come, by virtue of being its largest individual shareholder, a longtime mentor to the incoming CEO and his role heading the board. Business & Finance Click to expand menu.Īmazon founder Jeff Bezos on Monday will hand over his chief executive title to Andy Jassy, ending a more than two-decade run leading the company through its evolution from online bookseller to $1.75 trillion global retail, logistics and internet behemoth.

If you don't hold police depts accountable for murdering black people, we will never have justice and change, or be the country we aspire (and claim) to be.

He has also been more outspoken than Bezos on some of the most divisive issues in America, tweeting about the death of Breonna Taylor last year: 'We still don't get it in the US. It put Amazon into direct competition with technology giants including Microsoft, Google, and Oracle, and cemented the company's place in the infrastructure of the internet.ĪWS has stressed its 'low-margin, high-volume' business model when acquiring customers, and now provides the hardware supporting cloud services for massive streaming companies including Spotify and Netflix, as well as large parts of the UK civil service and even the US Central Intelligence Agency. Image: Andy Jassy is stepping up as the company's new chief executiveĪWS has been huge success for the business, today contributing roughly 42% of Amazon's total profits, and was instrumental in moving the company from online commerce into enterprise technology.

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