Jeff Bezos steps down as CEO of Amazon, Andy Jassy takes over within the third quarter
Rep. Ken Buck, R-Colo., A member of the House of Representatives Judiciary Committee, said on Twitter shortly after the announcement that he had questions for Jassy, suggesting an early hurdle in installing Jassy.
Bezos said he will continue to be involved in major Amazon projects, but will also have more time to focus on the Bezos Earth Fund, his spacecraft company Blue Origin, the Washington Post and the Amazon Day 1 Fund.
“As much as I still type tap dancing into the office, I’m excited about this transition,” said Bezos in his internal announcement. “Millions of customers depend on us for our services, and over a million employees depend on us for a living. Being the CEO of Amazon is a deep responsibility and costs a lot. If you have that responsibility, it is.” hard to say pay attention to everything else. “
Industry leaders and Amazon competitors congratulated Bezos and Jassy on the upcoming transition. Microsoft CEO Satya Nadella described Jassy’s advertising as “earned”.
Sundar Pichai, CEO of Alphabet, wished Bezos “all the best” on his other projects.
I am excited to announce that I will move to the Executive Chair of the Amazon Board and Andy Jassy will become CEO this third quarter. In the role of Exec Chair, I want to focus my energy and attention on new products and early initiatives. Andy is known in the company and has been on Amazon for almost as long as I have. He will be an excellent leader and he has my full confidence.
This journey began 27 years ago. Amazon was just an idea and had no name. The question I was asked most often at the time was, “What is the Internet?” Fortunately, I haven’t had to explain that for a long time.
Today we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.
How did this happen? Invention. Invention is the root of our success. We did crazy things together and then did them normally. We were pioneers in customer reviews, 1-click, personalized recommendations, the insanely fast shipping of Prime, shopping at Just Walk Out, the Climate Pledge, Kindle, Alexa, the marketplace, cloud computing of the infrastructure, career choice and much more . If you get it right, the new has become normal a few years after a surprising invention. People yawn. And that yawn is the greatest compliment an inventor can receive.
I don’t know of any other company with a history of inventing as good as Amazon, and I think we’re the most inventive right now. I hope you are as proud of our ingenuity as I am. I think you should be
As Amazon got big, we decided to use our size and scope to lead on important social issues. Two effective examples: our minimum wage of USD 15 and the climate protection promise. In both cases, we staked out leadership positions and then asked others to come along. Either way, it works. Other large companies are approaching us. I hope you are proud of it too.
I find my work meaningful and fun. I work with the brightest, most talented and ingenious teammates. When times were good, you were humble. During tough times you have been strong and supportive and we made each other laugh. It is a pleasure to work in this team.
As much as I still type tap dancing into the office, I’m excited about this transition. Millions of customers depend on us for our services and more than a million employees depend on us for a living. Being the CEO of Amazon is a deep responsibility and costs a lot. When you have such a responsibility, it is difficult to draw attention to anything else. As Executive Chair, I will continue to be involved in major Amazon initiatives, but also have the time and energy I need to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, Washington Post, and my other passions focus. I’ve never had more energy and it’s not about retiring. I am very excited about the impact I believe these organizations can have.
Amazon couldn’t be better positioned for the future. We shoot at all cylinders as the world needs. We have things in the pipeline that will continue to amaze. We serve individuals and businesses and have pioneered two entire industries and an entirely new class of device. We are leaders in areas as diverse as machine learning and logistics. If an Amazonian’s idea calls for another new institutional skill, we are flexible and patient enough to learn it.
Keep inventing and don’t despair if the idea looks crazy at first glance. Remember to hike. Let curiosity be your compass. It remains day 1.