Jeff Bezos Steps Down as CEO of Amazon


Courtesy of @businessinsider

What will the transition of CEO’s mean for Amazon?

Nikole Galea, Photojournalist

Jeff Bezos, known as the founder of Amazon and one of the richest men alive, officially stepped down from his position as CEO of Amazon. He will now reside as the Executive Chair, while Andy Jassy takes his position as the CEO. How will Bezos’ impactful transition affect Amazon?

Jeff Bezos, “…founded Amazon in 1994 and has since morphed the one-time online bookstore into a mega-retailer with global reach in a slew of different categories from gadgets to groceries to streaming.”(CNBC) Even though Jeff Bezos has a knack for scorning his employees by saying phrases such as “I’m sorry, did I take my stupid pills today?” and “If I hear that idea again, I’m gonna have to kill myself.” Many people who work there thrive in that environment. Under Jeff Bezos’ management, work is done efficiently and quickly, could there be a chance any of this could change under the new supervision of Andy Jassy? 

Jeff addressed a letter to his employees when he announced his position change saying “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” “When you have a responsibility like that, it’s hard to put attention on anything else.” He states in the Business Insider that intends to put more time into the activities such as Day 1 Fund, the Bezos Earth Fund, Blue Origin, and The Washington Post which he wouldn’t have been able to continue as well with his role as CEO. Laila Collie (10) “I think Jeff Bezos is making the right decision of stepping down from the CEO of Amazon. I think that one can ever spend enough time with family and doing what they have a passion for, and with a job like that, I can only imagine what his work schedule must’ve been like. I do believe he is taking a major gamble on handing over one of the largest companies in the world, but I think it’s a decision that will be to his benefit and worthwhile.”

Bezos has built a ground-up corporate infrastructure around the concepts of innovation, excellence, and competitiveness. Any senior executive in that type of organization will be steeped in those operating tenets and ready to follow them from day one of their tenure as CEO. Since advancement is a center segment of Amazon’s corporate DNA, part of business proceeding as normal will be a supported spotlight on creating imaginative advances, items, and administrations. As per media reports, Jassy has just demonstrated he intends to put forth pivoting Amazon’s generally fruitless attempts at delivering computer games as needed.

 We don’t know much about the new CEO Andy Jassy. Jassy graduated from Harvard Business School in 1997 and joined Amazon soon thereafter. Andy first worked as a technical assistant to Jeff Bezos. He eventually became a marketing manager. In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that would become known as Amazon Web Services. Jassy is now getting the opportunity to make his mark not just on Amazon, but also on the world. Jassy is a core believer in Bezos’ business philosophies and a longtime veteran of the company, having run the cloud division since its inception nearly two decades ago.