Jeff Bezos, Amazon’s founder, will step down as CEO
3 years, 11 months ago

Jeff Bezos, Amazon’s founder, will step down as CEO

LA Times  

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as chief executive, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. On the same day Amazon announced Bezos would step down, the company reported making a record profit in the last three months of 2020, and its quarterly revenue shot past $100 billion for the first time. Bezos’ riches have also swelled: His stake in Amazon is worth about $180 billion, making him one of the world’s richest people. Jassy, Bezos’ replacement, is a longtime Amazon executive, having worked at the company since 1997.

History of this topic

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