What next for Jeff Bezos after stepping down from the role of Amazon CEO and read its full letter he wrote to employees.
Amazon founder Jeff Bezos sent an email to online retail behemoth's employees announcing that after 27 Years, he will step down as CEO.
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| Jeff Bezos-CEO of Amazon |
Jeff Bezos, the founder of Amazon, on Tuesday announced that he would step down from his chief executive officer(CEO) position later this year. The online retail major said he will be succeeded as CEO by Andy Jassy, the billionaire's closest lieutenant and the head of Amazon's booming cloud-computing business.
Since its founding in 1995,Bezos has been Amazon's CEO. He managed its growth from an online bookseller into a $1.7 trillion global retail giant. At present, he is the second-richest person in the world, tailing only electric automaker Tesla Inc.'s Elon Musk. Bezos is worth $197 billion, as per the Bloomberg Billionaires index, the highest his net worth has been this year.
Top CEOs congratulated Bezos and Jassy on the coming transition, with Microsoft CEO Satya Nadella in a tweet.
Alphabet CEO Sunder Pichai conveyed his best wishes to Bezos for Earth fund and Day 1.
Bezos sent the following email announcing the transition to its Employees.
Fellow Amazonians :
I'm excited to announce that this Q3 I''II transition to Executive chair of the Amazon Board and Andy Jessy 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 almost as long as I have. He will be an outstanding leader, and he has my full confidence.
This journey began some 27 years ag0.Amazom was only an idea, and it had no name. The question I was think 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.
Invention is the root of our success. we've done crazy things together, and then made them normal. We pioneered customers reviews,1-Click personalized recommendations, prime 's insanely-fast shipping, just walk out shopping, the climate pledge, kindle, Alexa, marketplace, cloud computing, career choice and much more. If you get it right, a few years after the 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 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: our $15 minimum wage and climate pledge. In cases, we staked out leadership 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're been humble. When times have been tough, you're been strong and supportive, and we've made each other laugh. It is a joy to work on this team.
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. 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
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