After 27 years at the helm of leadership as the CEO of the world’s biggest online commerce company, Jeff Bezos steps down.
The popular American billionaire is said to have owned the biggest stake worth $180 billion dollars in the online retail company.
The 57-year-old Billionaire announced his decision to step down in order to be able to focus on initiatives such as his plans for private space travel earlier this year.
Making his announcement, Mr. Bezos said he wanted to “focus [his] energies and attention on new products and early initiatives” in his new role of executive chair.
“This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, ‘What’s the internet?’ Blessedly, I haven’t had to explain that in a long while,” he wrote in a letter to Amazon employees earlier this year.
“Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognised as one of the most successful companies in the world.”
Mr Bezos said he would “stay engaged in important Amazon initiatives” but also concentrate on projects away from the day-to-day running of the business in his new position.
He said the move would give him the “time and energy” needed to “focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post” and his “other passions”.
Mr Bezos said that he had “full confidence” in his replacement, Mr. Jassy.
“Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence,” he said.
The change in management happened on Monday, exactly 27 years after Mr. Bezos founded the company as an internet bookseller.
See what Rooney broke said after the new media scandal in which he starred: “I made a mistake”
Private party linked scandal has embroiled former Manchester United referent Wayne Rooney, over the weekend and former footballer grabbed a...
See The Two Players Barcelona Are Ready To Offer To Man United In An Exchange Of Pogba
American professional poker player Layne Flack reportedly dies
Maguire Reveals What Happened To His Father After Euro 2020 Cup Final
See The People Messi Dedicated Copa America Win To [One Was A Former Soccer Star]
Celtic star and football striker Leigh Griffiths on police investigation after claims he sent inappropriate messages to second teen girl went viral
Former 49ers Tight End Greg Clark reported dead
SA Media Mogul, Shona Ferguson Dies
Reports that surfaced the internet today confirmed that Connie Ferguson’s husband, Shona, has passed away at the age of 47....
Koji Ichimaru a popular Japanese Tattooer reportedly dies
We are sad to announce that Koji Ichimaru a popular Japanese Tattooer is dead. The news of his sudden passing...
Here’s Why South African Singer & Kwaito Legend, Zola 7 Is Trending On Twitter
In the mid of today, unverified information that talented South African singer and Kwaito legend, Bonginkosi Dlamini passed away surfaced...
Amy Winehouse life and death: Three bottles of vodka and an early death in solitude, Her dramatic last days
Ten years ago, the English singer was found dead in her house. The autopsy indicated that it was alcohol intoxication....
Fears mount after American reality television personality Maci Bookout made an RIP post on her Instagram page
Fans are confused after Maci Bookout American reality television personality posted a tweet with the caption – “#RIP Devastated to...
Singer KSI launches his music show” on his YouTube channel
Popular Brithish YouTuber Deji Olatunji who is also known as KSI ficially set to release his new show named “the...
JUST IN: Rapper Gonzoe Fatally Shot In Seattle
Information that surfaced on the internet a few hours ago has it that Ice Cube and 2Pac affiliate Gonzoe has...