Jeff Bezos, who served as the Amazon CEO since he founded the firm 27 years ago, has stepped down officially from this role. Now, Andy Jassy has been appointed as the new CEO of the e-commerce giant, while Bezos still remains as the executive chair of the firm. The 5th July handover date previously was announced in one shareholder meet in May.
It is a vital moment for the firm, which had the same chief executive for most of its existence. Under the leadership of Bezos, Amazon survived dot-com hurdle bursting in late 90s to be one of the most significant tech companies worldwide. Amazon presently dominates the online commerce space in the United States and most of Europe, as well as serves as the backbone to most of the new-gen web due to AWS (Amazon Web Services).
Jassy, previously ran AWS since it was founded back in 2003. He was named as the CEO of the division officially in 2016. By the end of 2020, the AWS controlled nearly 1/3rd of the overall cloud computing space, as per Synergy Research. Jassy’ journey is quite similar to the route of Satya Nadella, Microsoft’s present CEO, who led the firm’s Azure cloud computing business.