Jeff Bezos to step down as Amazon CEO in Q3 of 2021

Amazon has announced that its founder Jeff Bezos will step down as CEO during the third quarter of 2021 and will be replaced by Amazon Web Services (AWS) CEO Andy Jassy. Bezos will take on the role of executive chairman of Amazon’s board.

“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos wrote in a letter to employees obtained by CNBC. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives."

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Card reviewed by: @christoph