After more than 20 years of heading Amazon, Jeff Bezos decided to pass the CEO title to Andy Jassy. Instead, as the media report, he will position the company’s board executive and spend more time developing his new entrepreneurial ventures (the Washington Post and Blue Origin).
During his career in Amazon, he transformed it from an online bookselling platform into a $1.75 trillion international e-commerce and logistics giant that will deliver anything from books to ping pong tables to your doorstep. Bezos’ leave from the position may not be the best decision since the COVID-19 pandemic sparked a massive leap in demand for Amazon’s services all over the world.
However, this change won’t make a difference in the influence Bezos will continue having at Amazon. Apart from being the company’s largest shareholder and now a part of the executive board, he has been a mentor to the new CEO, Andy Jassy, since the early 2000s.
Bezos’ leave matches the leaves of several other Silicon Valley CEOs in the previous two years. It is supposed that these come as a result of the increasing media spotlight and regulatory efforts which have turned towards the tech giants from the Valley.