Amazon founder Jeff Bezos is stepping down as chief govt of the tech firm he based however mentioned the transfer “isn’t about retiring”.
This summer season, Bezos, 57, will hand the keys of the world’s largest on-line retailer to Andy Jassy, head of its cloud division Amazon Net Providers often called AWS. The announcement on Tuesday settles a long-running query about who would substitute the world’s second-richest particular person on the firm’s helm.
In a be aware to workers, Bezos mentioned he’ll keep engaged in Amazon as govt chair whereas specializing in different tasks.
Listed here are a few of his highlights:
Amazon: As govt chair, Bezos mentioned he deliberate to concentrate on “new products and initiatives”.
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Day 1 Fund: A philanthropic endeavor introduced in September 2018 to fund present nonprofits that assist homeless households and create a community of recent, non-profit, tier-one preschools in low-income communities
Blue Origin: Bezos’ house firm, which goals to make entry to house cheaper with reusable launch autos. The corporate is at the moment testing rocket methods, in addition to a moon lander known as Blue Moon, with a primary mission deliberate in 2024.
Bezos Earth Fund: Bezos final 12 months pledged $10 billion to fund scientists, activists, nonprofits, and different teams combating to guard the atmosphere and counter the results of local weather change. He introduced the primary 16 recipients, of a complete of $791 million in grants, in November.
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The Washington Put up: Bezos purchased the US newspaper in 2013 and is credited with revitalizing the model into a robust participant in on-line media.
Bezos is ending his function as CEO on a excessive be aware: The enterprise he started as an web bookseller 27 years in the past is now one of many world’s most dear firms and posted three consecutive document earnings after losses in many years prior. On Tuesday, Amazon reported quarterly gross sales above $100 billion for the primary time.