![]() ![]() "Jeff will be the executive chair on the board. Though Bezos stepped away from the day-to-day workings in recent years, dabbling in other ventures from a private space company Blue Origin to The Washington Post, he became more involved again last spring during the pandemic. Like Bill Gates, who began his shift away from Microsoft in 2000 but stayed on as chairman until 2014, Bezos is likely to remain an influential figure at Amazon. Amazon's new leader has his "full confidence," Bezos said.īezos is not the first major internet figure to step aside. In 2019, Larry Page and Sergey Brin left their executive roles at Google’s parent company Alphabet. In a letter to employees, Bezos said that as executive chairman he would focus on new products and early initiatives. “I mean if you look at the history of the cloud, I have a feeling that the pandemic will have accelerated cloud adoption in the enterprise by a few years,” Jassy said. If anything, the COVID pandemic has intensified business reliance on cloud computing, Jassy recently told CNBC. Is Jeff Bezos world's richest person? Reports say Elon Musk dethroned Jeff Bezos as the world's richest personīezos the billionaire: Amazon CEO Jeff Bezos is now worth more than $200 billion. “I don’t think any of us had the audacity to predict it would grow as fast as it did," Jassy told Marketwatch in December 2019. Amazon Web Services is now a $51 billion annual business for Amazon, the company said Tuesday. Microsoft has 18%, Alibaba 9.1%, and Google 5.3%, according to Gartner Research. Today it's Amazon's most profitable division.Īmazon lays claim to about 45% of the global public cloud services market. Jassy's ascension was made possible in August when the company announced that another possible successor, Jeff Wilke, would soon retire.Īmazon Web Services grew out of its move to rent infrastructure online to other tech companies wanting to sell products on. View Gallery: Jeff Bezos through the years Amazon's cloud computing boomĪmong Amazon's biggest success stories is its cloud computing business, which launched in 2006 led by Jassy, who has long been viewed as Bezos' heir apparent. To grow it had to take share from other giants of retail, some of which were once seen as unassailable,” Neil Saunders, managing director of consultancy GlobalData Retail, said in a statement. “Amazon is big simply because it has given customers what they want. On his watch, the company grew into a $1.7 trillion retail monolith that employs more than 1.2 million workers. Since founding Amazon as an online bookseller nearly 30 years ago, he has expanded into selling just about anything you can buy. ![]() Like Facebook's Mark Zuckerberg, Bezos is closely associated with his company's brand. Looking for a second chance: Ex-offenders struggle to find jobs amid pandemic Help, I can't afford this house: More first-time homebuyers get aid with down payments from family and friends Who is Andy Jassy?: What to know about the next CEO of Amazon Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.” ![]() "When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. That yawn is the greatest compliment an inventor can receive," Bezos, 57, said in a statement. ![]() “If you do it right, a few years after a surprising invention, the new thing has become normal. Tuesday's surprise announcement came as Amazon reported record fourth-quarter sales that topped $100 billion for the first time. One of the world's most powerful business figures and also one of its wealthiest, Bezos will transition to the role of executive chairman. Jeff Bezos, whose competitive zeal made Amazon a dominant force in the world of online retail, will step down as CEO this summer and turn over the reins to Andy Jassy, who runs the cloud computing business. Watch Video: Andy Jassy: His journey to replacing Jeff Bezos as Amazon’s CEO ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |