San Francisco: Jeff Bezos who founded Amazon exactly 24 years ago on July 5, 1994, has officially stepped down and former AWS executive Andy Jassy has taken over as the CEO of the commerce behemoth.
On Amazon investor relations’ website, Jassy is now listed as President and CEO of Amazon.com and also serves on the Board of Directors.
Jassy founded and led Amazon Web Services (AWS) from its inception and served as its CEO from April 2016 until July 2021.
In May, Bezos had announced that Jassy will take over as the CEO of the e-commerce giant on July 5.
The outgoing CEO Bezos said that he chose the date because July 5 is a sentimental one for him. “It’s the date that Amazon was incorporated in 1994, exactly 27 years ago,” he had said.
Jassy joined Amazon in 1997 and, prior to founding AWS, held various leadership roles across the company, including both business-to-business and business-to-consumer.
It is estimated that about half of the company’s revenue comes from AWS.
Bezos is also the founder of aerospace company Blue Origin, which is working to lower the cost and increase the safety of spaceflight, and he is owner of the Washington Post. Bezos has launched two philanthropic organisations.
Bezos will fly to the edge of space along with brother onboard his company Blue Origin’s tourism rocket — New Shepard — on July 20.
