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Home Spotlight

Update: Jeff Bezos to step down as Amazon CEO

Abiola Odutola by Abiola Odutola
February 2, 2021
in Spotlight, Tech News
Jeff Bezos, business, Amazon to remove, prosecute third-party sellers engaged in price-gouging over Corona fears, Amazon’s “Just Walk Out” technology to change the Nigerian retail experience?
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The Chief Executive Officer and Founder, Amazon, Jeff Bezos is expected to step down from his role by the third quarter of 2021.

This was disclosed by Amazon in a statement according to Forbes on Tuesday.

Bezos, 57, will become an Executive Chair and is expected to be replaced by Amazon’s Cloud Computing Division CEO, Andy Jassy, Amazon said.

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Bezos stated, “Right now, I see Amazon at its most inventive ever, making it an optimal time for this transition.”

READ: Facebook, Instagram and WhatsApp user base top 3.3 billion, Q4 revenue of $28 billion

Breaking News: Jeff Bezos to step down as Amazon CEOhttps://t.co/SUTg5bjVdC pic.twitter.com/ZdT9VGGV79

— Forbes (@Forbes) February 2, 2021

As the Executive Chairman, he said, he intends “to focus my energies and attention on new products and early initiatives.”

READ:  Tips that will help you win in business – Amazon Founder 

What you should know

Bezos had stepped back from much of the day-to-day business over several years, though the pandemic pulled him back in last spring.

The move marks the end of an era for Amazon, as Bezos has personified the company since he founded it as an online bookseller in 1996, growing it into a $1.7 trillion with more than 1.2 million workers.

Under Bezos leadership, the company  grew into sales of millions of different items, turning to a logistics giant,  before it spread further into cloud computing, streaming entertainment and artificial-intelligence-powered devices.

 


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Tags: AmazonJeff Bezos
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

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