Jeff Bezos will now not function CEO of Amazon within the third quarter of 2021
Amazon announced today that CEO and Founder Jeff Bezos will move from his leadership role to an executive position.
According to a corporate memo first discovered by CNBC, Amazon intends to replace Bezos with Andy Jassy, CEO of Amazon Web Services.
The timing of the transition is interesting – that is, given the rapidly changing political climate as the US moves from the Trump era of Twitter beef between the POTUS and the world’s richest man to the more traditional presidency of Joe Biden.
There are still many questions about how the Biden administration intends to treat big tech outfits like Amazon, but it is not unfounded to wonder if Bezos failed to put himself in a position to focus on the bigger political picture (and maybe make some headway to a less Elon Musk-oriented federal outfit) while Jassy takes on the day-to-day running of the company.
This story breaks, watch for more developments throughout the day …