Billionaire Jeff Bezos is stepping down as CEO of Amazon, the e-commerce empire he founded 27 years ago, he said in a letter to employees.
The world’s second richest man on Tuesday said Andy Jassy, head of Amazon’s cloud computing unit, will take over the reins in the third quarter of 2021. Bezos, 57, will then become executive chair of Amazon’s board, the letter states.
Bezos, who started Amazon selling books out of his garage in 1994, is stepping back from the day-to-day operations on a high note. The company he took public in 1997 at $18 a share now trades at $3,380 a share as Bezos has morphed it into an online retailing giant responsible for a massive 37 percent of all online sales in the US, according to data tracker Statista.
Poor baby > Time to Retire Don’t feel sorry for him !!!
Future NFL owner for your Washington REDSKINS!