Jeff Bezos made an announcement on Tuesday that he will be stepping down as CEO of Amazon, the company he founded 27 years ago as an “internet bookstore” and grew into an e-commerce giant with more than 1.3 million employees.
His replacement is Andy Jassy, the director of Amazon Web Services. Bezos has already begun to walk the path towards what will be his future role: that of executive president of the Amazon board.
In a letter, he made to his employees, in which, in addition to making the announcement itself, he reviewed the main products created by the company over the years and highlighted “inventiveness” as the engine that has driven it. led to be among the largest in the world.
“Invention is the source of our success. We have done crazy things together, and then we made them normal, ”Bezos says in a paragraph of his letter. “If things are done correctly, a few years after an amazing invention, it becomes normal. People yawn. And that yawn is the highest compliment an inventor can get”, He added.
Below is the full text of the letter:
I am excited to announce that in the third quarter I will be transitioning to being the CEO of Amazon’s board of directors. Andy Jassy will become the CEO. In my new role, I intend to focus my energies and attention on new products and early-stage initiatives . Andy is known within the company and has been with Amazon almost as long as I have. He will be an excellent leader and he has all my confidence.
This journey started around 27 years ago. Amazon was just an idea and had no name. The question they asked me the most at that time was, “What is the internet?” Fortunately, I haven’t had to explain that to anyone in a long time.
We currently employ 1.3 million dedicated and talented individuals, serve hundreds of millions of clients and companies, and are widely recognized as one of the most successful companies in the world .
How did this happen? Invention. Invention is the source of our success. We did crazy things together, and then we made them normal . We pioneered customer reviews, one-click personalized recommendations, the blazingly fast Prime shipping service, the Just Walk Out merchant automation program, Climate Promise, Kindle, Alexa, marketplace, infrastructure and computing on the cloud, Career Choice, and much more. If things are done correctly, a few years after an amazing invention, it becomes normal. People yawn. And that yawn is the highest compliment an inventor can receive .
I don’t know of another company that has the amount of inventions that Amazon has, and I think we’re currently at our best when it comes to inventiveness. I hope you are as proud of our inventiveness as I am. I think they should be .
As Amazon got bigger, we decided to use our size and reach to fill leadership roles on important social issues. Two high-impact examples: our $ 15 minimum wage and the Climate Pledge. In both cases, we fill leadership roles and then ask others to join us. In both cases, things are working. Other companies are taking the same path as us. I hope you are proud of that too.
I think my work is fun and has an impact. I have the ability to work with the most intelligent, talented and resourceful colleagues. During good times, they were humble. When they were tough, they have been strong and supportive, and we’ve made each other laugh. Working on this team is a joy.
Even though I keep dancing as I walk into my office, I am eager to begin this transition. Millions of clients depend on our services and more than a million employees depend on us for their livelihood. Being the CEO of Amazon is a huge responsibility, and it has a draining effect. When you have a responsibility like that, it’s hard to pay attention to anything else. As CEO I will continue to be involved in important initiatives, but I will 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. I’ve never had more energy than now, and this has nothing to do with retiring. I am deeply passionate about the impact these organizations can have.
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