Amazon Founder Jeff Bezos Plans to Step Down as Amazon’s CEO in Q3 Of 2021 | Marketing Minds Knowledge

According to letter, Amazon’s CEO Jeff Bezos will be stepping down as CEO of Amazon. Bezos Wrote “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,”




Who is Andy Jassy?

He said Andy is well-known inside the company and was one of the members from starting of the company. “He will be an outstanding leader, and he has my full confidence.”


Jassy is a member of Amazon since 1997 and has led Amazon’s Web Services cloud team since its inception.


He further added he will get time to focus on new products and “early initiative” In his new role with the company

He told that he will also get time to work on environment-based projects “The Washington Post, and my other passions,”


About Jeff Bezos


Jeff Bezos was the founder of Amazon.

He founded Amazon in 1994. Firstly Amazon was an online book store and Jeff Bezos Has morphed amazon into a mega online retailer where they buy and sells all kind of products from around the globe.

In 2020, Amazon become a $1 trillion market cap company under Jeff Bezos’s leadership. It’s now worth more than $1.6 trillion.



Here’s the full letter from Bezos to Amazon employees:


Fellow Amazonians:


I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well-known inside the company and has been at Amazon for almost as long as I have. He will be an outstanding leader, and he has my full confidence.


This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while.


Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.


How did that happen? Invention. The invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.


I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be.


As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: are our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well.


I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team.


As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention to anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.


Amazon couldn’t be better positioned for the future. We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish us. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it.


Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1.


Jeff Bezos, The Amazon Founder


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