Jeff Bezos confirms to step down as Amazon CEO on July 5

Blue Origin founder Jeff Bezos speaks after receiving the 2019 International Astronautical Federation (IAF) Excellence in Industry Award during the 70th International Astronautical Congress at the Walter E. Washington Convention Center in Washington, DC on October 22, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

MANDEL NGAN via Getty Images

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.

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