Jeff Bezos steps down as CEO of Amazon

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Online sales giant Amazon announced Tuesday that its founder, Jeff Bezos, will step down as chair of the company he founded 31 years ago at the end of the year. Andy Gacy He will take his place after that.

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Bezos, the richest man in the world according to the Forbes list, will now serve as the director of the company’s board of directors. “Now I will focus my energies on developing new products and initiatives,” the Amazon founder explained in a letter to his employees.

Jeff Bezos was a pioneer in internet commerce when he founded Amazon in 1994 In Seattle. To date, he held the position of president of the company and owns 11.1% of the total shares. Collect a fortune of $ 194,000 Million US Dollars.

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Since the start of the epidemic, Amazon has employed more than 175,000 employees, and in April 2020, Bezos promised to donate $ 100 million to the Feeding America Foundation, to provide food for the most affected by the economic crisis caused by the economic crisis. Health emergencies.

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However, the company has faced criticism from the US government and organizations for its treatment of workers, which led to protests in the past year.

He will be succeeded by Andy Gacy

Bezos also owns The Washington Post and Blue Origin, which is developing a spacecraft for space travel.

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Amazon will now be in the hands of Andy Gacy, who served as Director of Amazon Web Services (AWS). Gacy, 53, has been with the company since 1997. “Andy is well known in the company and has been with Amazon almost for a long time. He’s an excellent leader and he has all my confidence,” Bezos said.

In your last financial report, Amazon It made its biggest gain ever: more than $ 125 billion. In the statement to his staff, Bezos hailed the results as “an ideal moment of transition.”

Under Bezos’ management, Amazon, as a company, had exceeded a value of over $ 1 trillion by January of last year. For this year, its value has increased to 1.6 trillion (trillions in English).

Amazon is facing investigations into monopolistic practices in both the United States and the European Union.

Millions of people trust our services and over a million employees depend on our company. The job of the head of Amazon was a deep and exhausting responsibility. Bezos explained that when you have a responsibility like this, it is hard to pay attention to something else.

Amazon Chief Financial Officer Brian Olsavsky told CNBC that Bezos will remain at the helm of financial operations, adding that Jassy is the leader who will “help move the company.”