Washinhgton – Amazon founder Jeff Bezos is to step down as chief government of the e-commerce big that he based in his storage almost 30 years in the past.
He’ll grow to be government chairman, a transfer he mentioned would give him “time and power” to deal with his different ventures.
Bezos, the world’s richest man, can be changed by Andy Jassy, who presently leads Amazon’s cloud computing enterprise.
The change will happen within the second half of 2021, the corporate mentioned.
“As Exec Chair I’ll keep engaged in vital Amazon initiatives but additionally have the time and power I have to deal with the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Publish, and my different passions,” he mentioned in an letter to Amazon workers on Tuesday,
“I’ve by no means had extra power, and this isn’t about retiring. I’m tremendous passionate concerning the affect I feel these organizations can have.”
Bezos, 57, has led Amazon since its begin as a web-based bookshop in 1994. The agency now employs 1.3 million folks globally, and noticed its already explosive progress skyrocket final yr, because the pandemic prompted a surge in on-line buying.
The agency reported $386 billion (£283bn) in gross sales in 2020, up 38 per cent from 2019. Earnings virtually doubled, rising to $21.3 billion.
The shake-up comes as Bezos has taken on an more and more public profile.
He has endured a public divorce, grow to be a goal for labour and inequality activists, and obtained concerned in different companies, resembling area exploration agency Blue Origin and the Washington Publish newspaper. (BBC)