Tech News

Amazon CEO Jeff Bezos to step down on 5 July, Andy Jassy to take over

Spread the love

Amazon author Jeff Bezos has picked a date to venture down as CEO.

Bezos, who developed Amazon from a web book shop to a web purchasing behemoth, expressed on Wednesday that Amazon chief Andy Jassy will assume control over the CEO position on July 5.

We chose that date because of that date is sentimental for me,” Bezos expressed throughout an Amazon shareholder meeting held on Wednesday. He featured that it was accurately 27 years prior on that date in 1994 that Amazon was incorporated.

Seattle-based company made a declaration that Bezos was venturing down as CEO in February, anyway didn’t offer a specific date. Jassy, his substitution, is presently handling the company’s cloud computing business.

Bezos, 57 and with a private fortune of $167 billion, will not be going far. He will become executive chairman of Amazon’s board and is anticipated work on new products and drives. He also plans to initiate working on other projects and ventures, comprising of his rocket ship company, Blue Origin, and his paper, The Washington Post.

On Wednesday, Amazon moreover presented it may buy celebrated Hollywood studio MGM for $8.45 billion with the expectations of filling its video web based supplier with more prominent proposes and movies to watch.

New Source

Related News Amazon’s ad revenue twice as large as Snap,Twitter,Roku and Pinterest combined

Recent Posts

New Haryanvi Song “Bahu Chaudhariya Ki” Launched by Aman Jaji and Pranjal Dahiya

HR Beat Production has unveiled its latest Haryanvi hit, "Bahu Chaudhariya Ki," featuring artists Aman…

2 days ago

Apple’s iPhone 16 Pro Max: Improved Battery Life and Camera Features, but Missing Key AI Updates

Apple's highly anticipated iPhone 16 series is set to launch on Friday, with the flagship…

2 days ago

Music Director Vipin Reshammiya, Father of Himesh Reshammiya, Passes Away at 87

Vipin Reshammiya, father of Himesh Reshammiya, has passed away at the age of 87. He…

2 days ago

“Stree 2” Global Box Office Report: Day 8 – Film Continues Strong Performance, Hits ₹428 Crore

On its eighth day at the box office, "Stree 2" has maintained its impressive momentum,…

4 weeks ago

Crack Box Office Collection Day 4: Vidyut Jammwal and Arjun Rampal’s Film Falls Short of ₹10 Crore Mark

On the fourth day since its release, the movie "Crack" managed to accumulate a mere…

7 months ago

Rakul Preet Singh and Jackky Bhagnani: Twinning in Pink-Golden Attire for Mehendi Ceremony

Rakul Preet Singh Shines in Pink, Golden, and Saffron Lehenga; Jackky Bhagnani Dons Pink and…

7 months ago

This website uses cookies.