Jeff Bezos to step down as Amazon CEO

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Amazon founder and CEO Jeff Bezos will be stepping down to Executive Chair of the Amazon Board with Andy Jassy replacing him as CEO in Q3. In a letter addressed to his employees, Bezos reminisces over some of his most memorable moments as CEO and continues to look forward to the company’s future whilst making it clear that he isn’t retiring.

“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. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.”

Amazon’s success is evident and the company doesn’t ever seem to stop growing and expanding in new ways. The marketplace currently employs 1.3 million people who serve hundreds of millions of customers and businesses. As stated by Bezos, the company is widely recognized as one of the most successful companies in the world and the brand has become what it is today through invention.

“Invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more.”