{"id":3687,"date":"2021-02-03T12:07:03","date_gmt":"2021-02-03T12:07:03","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=3687"},"modified":"2021-02-03T12:07:03","modified_gmt":"2021-02-03T12:07:03","slug":"jeff-bezos-to-step-down-as-amazon-ceo-andy-jassy-to-take-over","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/03\/jeff-bezos-to-step-down-as-amazon-ceo-andy-jassy-to-take-over\/","title":{"rendered":"Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over"},"content":{"rendered":"<p>Jeff Bezos will leave his post later this year, turning the helm over to the company\u2019s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon\u2019s board.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3689\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Jeff-Bezos-to-step-down-as-Amazon-CEO-rapidnews-rapid-news.jpg\" alt=\"Jeff-Bezos-to-step-down-as-Amazon-CEO-rapidnews-rapid-news\" width=\"700\" height=\"525\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Jeff-Bezos-to-step-down-as-Amazon-CEO-rapidnews-rapid-news.jpg 700w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Jeff-Bezos-to-step-down-as-Amazon-CEO-rapidnews-rapid-news-300x225.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>Bezos, 57, founded Amazon in 1994 and has since morphed the one-time online bookstore into a mega-retailer with global reach in a slew of different categories from gadgets to groceries to streaming.\u00a0Amazon surpassed a $1 trillion market cap\u00a0under Bezos\u2019 leadership in January of last year \u2014 it\u2019s now worth more than $1.6 trillion.<\/p>\n<p class=\"css-axufdj evys1bk0\">On Tuesday, Mr. Bezos, 57, said his run at the top of the Seattle-based company was over.<\/p>\n<p class=\"css-axufdj evys1bk0\">As Amazon reported its latest set of\u00a0blockbuster financial results, Mr. Bezos said he planned to hand over the reins this summer and transition into the role of executive chairman. Andy Jassy, 53, the chief executive of Amazon\u2019s cloud computing division, will be promoted to run the entire company. The change will be effective in the third quarter, which starts in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeff Bezos will leave his post later this year, turning the helm over to the<\/p>\n","protected":false},"author":1,"featured_media":3688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-3687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jeff Bezos to Step Down as Amazon C.E.O. | Rapid News<\/title>\n<meta name=\"description\" content=\"Jeff Bezos will leave his post later this year, turning the helm over to the company\u2019s top cloud executive, Andy Jassy, according\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a>","tag_info":"Business","comment_count":"0","jetpack-related-posts":[{"id":10075,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/03\/egos-clash-in-bezos-and-musk-space-race\/","url_meta":{"origin":3687,"position":0},"title":"Egos clash in Bezos and Musk space race","date":"May 3, 2021","format":false,"excerpt":"PARIS: Even the Milky Way seems too small to keep the egos of tech billionaires Jeff Bezos and Elon Musk from colliding as they vie to conquer space. 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