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Jeff Bezos locks Amazon's incorporation date to step down as CEO!

By:  Tupaki Desk   |   28 May 2021 10:00 AM GMT
Jeff Bezos locks Amazons incorporation date to step down as CEO!
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The second richest man, Amazon founder Jeff Bezos has announced that he will be stepping down as the Chief Executive Officer of Amazon. He named his successor, who would replace him as the Amazon boss.

Jeff Bezos has named Amazon executive Andy Jassy as his successor. He also announced that he would step down as CEO on the 5th of July as it was the date when the Amazon company was set up.

The Seattle-based Amazon.com Inc. has announced the news of Jeff Bezos leaving the CEO post earlier in February this year. Despite the sensational news was announced, the company didn't mention the date when Bezos would resign.

Keeping an end to the speculations on the date of Jeff Bezos's resignation, the CEO founder made a massive revelation. Jeff Bezos is currently the second richest person in the world with a personal fortune of USD 167 billion.

Media reports claimed that, after stepping down as Amazon CEO, Jeff Bezos would shift his focus to Blue Origin, his rocket ship company. Elon Musk is his tough competitor in this regard.

Andy Jassy, who would lead the Amazon company is currently taking care of the cloud computing business of the company.

The Seattle-based company has spread its wings in various areas like e-commerce, cloud computing, digital streaming, and artificial intelligence. To boost its place in the OTT arena, the company has recently bought the prestigious MGM Studios.