Bezos announced this tonight, together with the publication of the quarterly figures.
Power transfer in the third quarter
Bezos will hand over to Andy Jassy in the third quarter of this year, he writes in a letter to the staff. Jassy is now the CEO of Amazon Web Services, Amazon’s cloud division.
In the role of executive chair, Bezos wants to focus on the development of new initiatives and products.
More time for other things
In addition, the step back should mainly provide more time. “Being CEO of Amazon is a big responsibility and it takes up all your time. When you have that kind of responsibility, it’s hard to focus on anything else,” Bezos said.
His new role should also give Bezos the opportunity to become more involved with, among others, space company Blue Origin and The Washington Post. Those companies are also in the hands of the multi-billionaire.
Bezos was at the helm of Amazon for nearly 27 years, building it from a web shop to a global e-commerce empire. In addition, Amazon is also a world player in cloud services (Amazon Web Services) and streaming services (Amazon Prime).
Amazon grew under Bezos into one of the largest companies in the world. It is worth about 1,700 billion euros on the stock exchange. It was all good for Bezos. He is one of the richest people on earth with an estimated net worth of about $ 188 billion ($ 157 billion).