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The founder of Amazon Jeff Bezos passes CEO position to Andy Jassy who currently is on duty as a CEO of Amazon Web Service (AWS). However, Jeff Bezos doesn’t fully say goodbye to a company Instead he will become executive chair of the Amazon board in Q3 2021.

Chaim Gartenberg from The Verge, mentions in his report some comments of Amazon CEO “Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else,” commented Bezos in an email announcing the change. “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

Primary Jeff Bezos founded Amazon as an online bookstore in 1994. Across the time, fire, ice and other obstacles the company grew up into the giant e-commerce platform well-known to be the most prominent tech company.

While Bazos was on his captain seat he arranged a whole eco-system of orders and deliveries. Under his wings the company launched a lot of Amazon products like: the Echo and Kindle, and also the meme-known Alexa voice-assistant. The company even started dabbling in physical retail through grocery stores and an acquisition of Whole Foods.

Perhaps you were not interested who is Amazon’s CEO, but you should definitely know that earlier Jeff Bezos occupied the position of the richest human on the planet Earth, with $180 billion/

Bezos’ transition to executive chairman of Amazon’s board was an intelligent move to save the life energy for projects you’d like to develop. Running a $1.7 trillion company is a great challenge, we couldn’t even imagine the size of responsibilities. Jeff Bezos will focus on the $10 billion Bezos Earth Fund, which Bezos established last year, and Blue Origins, his aerospace firm, which recently resumed test flights at the end of 2020.

Jassy is a familiar face at the company, having joined back in 1997. He has led the Amazon Web Services team since it was founded in 2003 and was named the CEO of AWS in 2016. The choice of Jassy — who has headed Amazon’s cloud service business since the beginning — over a retail or hardware executive is a telling one for Amazon’s priorities as a company.

Amazon aims to concentrate its forces developing the cloud business, which is the huge part of the company. SO it is logical to expect a boost in this department from a new CEO. It resembles Microsoft a lot in this decision because Satya Nadella was initially an instrumental part of the company’s cloud and server business before becoming the Microsoft boss in 2014.

It’ll still be some time before Jassy takes over, though — Bezos isn’t set to transition to his new role until Q3 2021.

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