Transfer of power in sight at Amazon. Jeff Bezos, the emblematic CEO-founder of the firm, announced Tuesday, February 2 in an email to his employees that he was going to cede his position as CEO this year.
Jeff Bezos, who will remain chairman of the board, will hand over the reins of Amazon in the third quarter to Andy Jassy, his current right-hand man. “I will remain involved in the big decisions of Amazon”, he writes elsewhere.
Because if he gives up his place as general manager, Jeff Bezos does not intend to retire. In addition to the board of directors of the e-commerce giant, the billionaire plans to focus on the other activities of the group, the philanthropic side with Day One Fund and the Earth Fund, his aerospace company Blue Origin and the press with the daily Washington Post.
“THE PERFECT TIME”
“Amazon has never been so inventive, so it’s a great time for this transition,” says Jeff Bezos. And for good reason. While the coronavirus crisis has been terrible for many companies, Amazon has taken advantage of the situation. In 2020, the giant has indeed generated more than 386 billion dollars in turnover, for a net profit of 21.3 billion, nearly double of 2019. To date, Amazon is worth more than 1.600 billion dollars in stock exchange.