Amazon, on Tuesday, has announced that its founder and current CEO Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021. Andy Jassy – the current CEO of Amazon Web Services – will take up the role of CEO that time.
“If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition,” says Bezos.