New York: Amazon founder Jeff Bezos resigned as CEO on Monday, giving control when the company navigated the challenge of the world who struggled to emerge from the Coronavirus pandemic.
Andy Jassy, who runs the Amazon cloud computing business, replaced Bezos, the changes announced by the company in February.
Bezos, Amazon’s largest shareholder with shares worth around $ 180 billion, will still make it easier for the company he began to get out of the Seattle garage in 1995.
He took over the role of the executive seat, with plans to focus on products and new initiatives.
Jassy took the leadership of $ 1.7 trillion a very profitable company of a pandemic, more than tripled in the first quarter of 2021 and posted record revenues when customers depend on online shopping.
At the same time, Amazon faces a activism of a workforce that rests the same as a rapid economic recovery causing labor crisis that has retailers, producers and other companies to compete for higher wages and other benefits.
The company defeated workers’ efforts to associated in the alabama warehouse earlier this year, but faced a more formidable challenge when the international brotherhood Teamster team launched a wider effort to unite Amazon workers.
In posting blogs to employees earlier this year, Bezos said he planned to devote more time for side projects, including the company’s blue space exploration, his philanthropic initiative and supervised the Washington Post, which he had.
First, the richest man in the world with Forbes estimates will fulfill his childhood dreams to travel into space.
Bezos, 57, will blow into space on July 20 when the blue origin made his first flight with the crew, bringing his younger brother, a voluntary investor and firefighter.
Bezos founded Amazon as an online bookstore and built it to become a shopping and entertainment kingdom which was the second largest private employer in the US, behind Walmart.
Amazon, who bought the MGM film studio in his latest big acquisition, now making films and sofas, having a shopping chain and has a plan to send satellites to the room to turn on Internet services to earth.
Jassy, who has been with Amazon since 1997, runs a cloud-computing business that moves Netflix video-streaming sites and many other companies, making it one of the most profitable Amazon businesses.
Among Jassy’s challenge planting calls for more stringent regulations on technology giants.
A report by the DPR Judician Committee in October asked to separate Amazon and others, making them more difficult to obtain the company and force new rules to maintain competition.
Jeff Bezos Down as Amazon CEO, Andy Jassy took over
