Andy Jassy to replace Jeff Bezos as Amazon Inc CEO in Q3 of 2021

Jeff Bezos, in a letter to employees , stated on Tuesday that he will transition to the Executive Chair of Amazon. In his stead, Andy Jassy will become the CEO of Amazon Inc. “This isn't about retiring,” he states. With the executive chair, he aims to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and his other passions.

Jeff Bezos founded Amazon as an online bookstore. He built it into a shopping and entertainment behemoth. But stepping down after almost 30 years is a step to restructure the company's board. His transition will come through by Q3 2021. Jeff adds, “As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on my other passions.”

In fact, Jeff Bezos is one of the last founders of any Bigtech company to still be a CEO of. The founders of Google, Oracle and Microsoft have all stepped down from the top job of the companies they created. Only Mark Zuckerberg still leads Facebook.

About Andy (Andrew) Jassy

Andy Jassy joined Amazon in 1997 as a Marketing Manager. From 2016, Andy Jassy is CEO of Amazon Web Services (AWS), the world's most comprehensive and broadly adopted cloud platform. He founded Amazon Web Services (AWS)  in 2003, with a team of 57 people. The platform has today grown wide and large that millions use today. The cloud-computing business he runs powers video-streaming site Netflix and many other companies, and it has become Amazon's most profitable business.

Jassy graduated with honours from Harvard College, where he was advertising manager of The Harvard Crimson. Later, he earned an MBA from Harvard Business School.

Amazon said it was not announcing a replacement for Jassy at this time.

You can read Jeff Bezos' letter to employees here.