Amazon founder Jeff Bezos stepped down on Monday as CEO of the online retail giant he founded 27 years ago. Bezos, who is preparing to embark on a new career phase, will become the company’s CEO, while Andy Jassy, CEO of Amazon’s lucrative cloud sector Amazon Web Services (AWS), will take over the reins.
Jassy will raise $ 214 million in Amazon stock when he takes over the CEO position of the $ 1.7 trillion company on the anniversary of Amazon’s founding on Monday. Holding back outside the world of cloud computing, Jassy has some big footsteps to follow.
He is known in the company and has been with Amazon for almost as long as Bezos. “Jassy will be an outstanding leader and he has my full confidence,” the Amazon founder noted in his letter.
Jassy joined Amazon in 1997 as Marketing Manager shortly after graduating from Harvard Business School. “On the first Friday in May 1997 I took my last final exam at the HBS and started …