Amazon founder and current CEO Jeff Bezos will be transitioning to executive chair of the company later this year, with current AWS CEO Andy Jassy taking over the top executive role at the commerce company.
Amazon announced the news alongside its earnings results on Tuesday.
Bezos has been Amazon’s CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7 trillion global retail and logistics behemoth, which has also made Bezos into one of the world’s richest people.
Andy Jassy has worked for Amazon since 1997 and currently serves as CEO of the company’s cloud business, Amazon Web Services, its biggest profit driver.
Chairman of Heirs Holdings Tony Elumelu has reacted to social media suggestion that he form a consortium to buy...
Media Personality, Toolz Oniru-Demuren is the celebrity cover of Genevieve magazine’s May issue. The OAP shares her incredible journey...
Nigeria’s senior women’s football team, the Super Falcons, will camp in Austria without their star player and captain, Asisat...