In what ought to come to a shock as most individuals however Jeff Bezos, the CEO and founding father of Amazon, has simply introduced that he can be stepping down from his position as CEO of Amazon in Q3 2021.

Later this yr Bezos will transition from his position as CEO to the Govt Chair of the Amazon Board, whereas the present CEO of Amazon Net Providers — Andy Jassy — will turn into CEO of Amazon. Bezos wrote to his staff: “Within the Exec Chair position, I intend to focus my energies and a focus on new merchandise and early initiatives“.

Bezos continued: “Andy is well-known inside the corporate and has been at Amazon nearly so long as I’ve.” From the letter, it feels like Bezos intends to make use of the time he has exterior of working Amazon’s day-to-day operations to deal with different initiatives, together with the “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Submit, and my different passions“.

The still-CEO of Amazon mentioned that his announcement of stepping down as CEO of Amazon “is not about retiring”, so we should not have to fret about that simply but.

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