Amazon founder Jeff Bezos put an expiration date on his tenure as CEO, saying Wednesday morning that Andy Jassy will succeed him within the position on July 5. Beforehand the corporate had stated solely that the transition would happen within the third quarter of this yr.
“We selected that date as a result of it’s sentimental for me, the day Amazon was included in 1994, precisely 27 years in the past,” Bezos stated, addressing shareholders through webcast throughout his remaining annual assembly as CEO, held nearly because of the pandemic.
Bezos will change into Amazon’s govt chairman following the transition, which was introduced in February.
Jassy, the longtime chief of the Amazon Internet Providers cloud enterprise, “goes to be an excellent chief, and he has my full confidence,” Bezos stated.
“He has the best of excessive requirements and I assure that Andy won’t ever let the universe make us typical. He has the vitality wanted to maintain alive in us what has made us particular. Whereas it received’t be straightforward, I do predict Andy can even discover it satisfying and oftentimes enjoyable.”
Beforehand: Amazon’s subsequent CEO, Andy Jassy, is a music-loving, wing-eating, hard-charging disciple of Jeff Bezos