Jeff Bezos, who previously announced that he would step down as Amazon’s CEO in Q3 this year, officially set a date for his retirement at the annual shareholder meeting. By July 5th, the current AWS CEO Andy Jassy will officially take over the position of Bezos, and this day is chosen because it happens to be the day when Amazon was born. In the future, Bezos will continue to serve as the executive chairman of Amazon. The change of identity allows him to “focus more on products and plans of his heart.”

Before being promoted to the company’s CEO, Andy Jassy had already made a very good performance in AWS. However, Amazon is currently facing a number of antitrust investigations, and needs to solve the problems of employee treatment and the epidemic. At this point in time, it is also a challenge to take over.