Jeff Bezos to step down as Amazon CEO later this year
4 years, 1 month ago

Jeff Bezos to step down as Amazon CEO later this year

India TV News  

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 CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Under Bezos, Amazon also launched the first e-reader that gained mass acceptance, and its Echo listening device made voice assistants a common sight in living rooms. 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. Jassy, Bezos’ replacement, is a longtime Amazon executive, having worked at the company since 1997.

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