Jeff Bezos Announced To Step Down As Amazon CEO

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Jeff Bezos announced that he will be stepping down as the CEO of Amazon which was built by him that managed to change the fortunes of Amazon Company over the years and also gave him the worldwide fame.

Bezos revealed that he will be stepping down as the CEO of Amazon and he will be taking the role of executive chairman of Amazon’s executive board. By stepping down the position of the CEO it seemed like he is taking the retirement but he assured that this is not his retirement as he will move to executive chairman of the board at Amazon and this will give him time and energy to focus on his other ventures, products and early initiatives.

As per Reuter report in an email to Amazon employees, Bezos said- “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this not about retiring. I’m super passionate about the impact I think these organisations can have.” 

Bezos will now attempt to maximise his holdings in other company’s he has founded. He will be focusing more on the projects he had taken on over the last few years. He will also value at around$200 billion, and as such, has enough capital to fund not only his passions but then some more.

Image Source- Google

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