/ 04 February 2021

Bezos steps down

But he’s far from out… Amazon CEO/founder Jeff Bezos is vacating the CEO’s office to become the company’s executive chairman. The company characterised the move as “more of a restructuring of who’s doing what,” meaning the e-commerce giant founder is far from clocking off. Bezos will continue to put his stamp on the sprawling company and any new ventures, his colleagues say. But he wants to free up time to focus on his space-travel business Blue Origin – “the most important work I’m doing,” he recently said. And as the world’s second-wealthiest person with US$188 billion (a mere $2 billion behind Tesla founder Elon Musk…), it’s expected he will step up on the philanthropy front. Taking his place as CEO is longtime company man Andy Jassy. He’s been leading Amazon’s cloud computing arm AWS. Analysts have taken his appointment as a hint that the company’s future could lie outside online retailing.

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