Jeff Bezos leaves his castle as CEO of Amazon

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Amazon founder Jeff Bezos, who recently dropped to second place in the ranking of the richest people in the world, behind Elon Musk, will leave the post of Amazon CEO in the third quarter of 2021. Bezos said this in a letter to Amazon employees.

Bezos said that after leaving his post, he would become the executive chairman of the board of directors of Amazon, and Andy Jesse, who currently heads the cloud division of Amazon Web Services (AWS), will take the place of CEO.

“Being the CEO of Amazon is a big responsibility, and it takes a lot of energy. When you are given that responsibility, it’s hard to be distracted by anything else. As Executive Chairman, I will continue to be involved in important Amazon initiatives, but I will also have the time and energy needed to focus on Day 1, Bezos Earth, Blue Origin, The Washington Post, and my other hobbies”.

As The Verge recalls, Bezos has led Amazon since the company was founded in 1994. Under his leadership, Amazon became one of the world’s largest companies, and Bezos himself made a multi-billion dollar fortune. His departure as CEO means Bezos will pay less attention to the day-to-day running of the company. The entrepreneur will probably begin to actively participate in the work of the space company Blue Origin, which develops rockets and ships for suborbital and space flights.

Andy Jesse, who will succeed Bezos, is an Amazon veteran. He has been with the company since 1997 and has led AWS since its inception in 2003. The choice in favor of Jesse speaks of the priority of Amazon’s IT business over the sales direction.

According to Amazon’s financial report, AWS revenue grew 28% in the fourth quarter of last year, reminds The Journal. As of October 2020, about 52% of Amazon’s operating profit came from this division.