New York: Amazon founder Jeff Bezos has picked a date to step down as CEO.
Bezos, who grew Amazon from an web bookstore to an internet procuring behemoth, mentioned Wednesday that Amazon govt Andy Jassy will take over the CEO position on July 5.
“We chose that date because it’s sentimental for me,” Bezos mentioned throughout an Amazon shareholder assembly Wednesday. He defined that it was precisely 27 years in the past on that date in 1994 that Amazon was included.
Seattle-based Amazon.Com Inc. Announced that Bezos was stepping down as CEO in February, however did not present a selected date. Andy Jassy, his substitute, at the moment runs the corporate’s cloud-computing enterprise.
Bezos, 57 and with a private fortune of USD 167 billion, will not be going far.
He will develop into govt chair at Amazon and focus on new merchandise and initiatives. He additionally plans to focus on his different ventures, reminiscent of his rocket ship firm, Blue Origin, and his newspaper, The Washington Post.
On Wednesday, Amazon additionally introduced it could purchase storied Hollywood studio MGM for USD 8.45 billion with the hopes of filling its video streaming service with extra reveals and films to watch.Â
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