News

Jeff Bezos Is Stepping Down As Amazon CEO

Amazon.com founder Jeff Bezos will step down as CEO of the e-commerce giant. The 57-year-old has held the position for 30 years and will be appointed Executive Chairman and CEO will be replaced by Andy Jassy starting the third quarter of this year.

The change of position is expected in the second half of 2021.

The announcement ended the question of who would replace the second richest individual in the world as a company leader.

According to Bezos, he will focus on new products and initiatives and other projects including The Washington Post and Blue Origin space exploration.

The Harvard University graduate began joining the company in 1997 after Amazon started in 1995 as an online shopping platform.

Amazon is now expanding into a variety of businesses including e-readers, video content and cloud computing.

In the fourth quarter, Amazon’s net sales and profits rose 44 percent to more than US $ 100 billion in a row following more people shopping online due to Covid-19.

Source: Reuters

Adib Mohd

Recent Posts

From Cookies to Classrooms: Starbucks Raises Over RM100K to Revive Centre for the Deaf

What if your sweet tooth could change lives? Since 2018, Starbucks Malaysia has raised over… Read More

1 day ago

Tous les Jours Expands in Malaysia with New Outlets at Sunway Pyramid and Sunway Velocity

Malaysian fans of delectable K-inspired baked goods will be delighted to hear that Tous Les… Read More

2 days ago

Stitch Lands in KL, Disney’s Blue Menace Takes Over Pavilion This School Holiday

Get ready for a school holiday filled with tropical vibes as Pavilion Kuala Lumpur transforms… Read More

2 days ago

Malaysia Gears Up for Southeast Asia’s First Smart City Expo, Here’s Why You Should Care

Kuala Lumpur just flipped the switch on something big. The 100-day countdown to Smart City… Read More

2 days ago

Ejen Ali: The Movie Review, A Next-Level Win for Malaysian Animation

Ejen Ali: The Movie 2 isn’t just a sequel, it’s a bold upgrade that proves… Read More

2 days ago

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor With its latest collection… Read More

3 days ago

This website uses cookies.