• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TechEngage®

TechEngage®

Connecting mankind with technology

  • News
  • Reviews
  • Cryptocurrency
  • How-to
  • Roundups
  • Science
    • Energy
    • Environment
    • Health
    • Space
  • Apps
  • More
    • Opinion
    • Noteworthy
    • Culture
    • Events
    • Deals
    • Startups
      • Startup Submissions
  • Videos
  • Tools
TechEngage » News » World of Tech

Jeff Bezos steps down as Amazon CEO after 27 years

Avatar Of Sheharyar Ahmad Saeed Sheharyar Ahmad Saeed July 6, 2021

An Image of Jeff Bezos who steps down
Design by Saad Khalid/ Amazon Press Gallery
FacebookTweetPinLinkedInPrintEmail

After 27 years, when Jeff Bezos founded Amazon, he is now stepping down as the company’s CEO. Nevertheless, he is still the leading billionaire among the world’s richest people, with a total net worth of $203 billion.

Back in February, in a memo to company employees, Jeff Bezos announced his decision that he would be stepping down as Amazon CEO in the third quarter of 2021. Following this decision, he will then hold the Executive Chair of the company’s Board of Directors. 

Andy Jassy will replace Jeff Bezos, who is currently the Chief Executive of Amazon Web Services. Bezos has thrown weight behind the new incumbent CEO and shown full confidence in him. 

“He will be an outstanding leader and he has my full confidence.” Jeff Bezos cited in his memo to employees.

Andy Jassy has now been listed as Amazon’s CEO on its investor relations website. Andy Jassy joined the company soon after he graduated from Harvard Business School in 1997. He has led AWS since the team was founded in 2003. In 2016, he became the division’s official CEO.

The reason why Jeff Bezos has stepped down from Amazon is his plan to give larger attention to his other ventures. The other projects include Bezos Earth Fund, The Washington Post, the Amazon Day 1 Fund, and his Blue Origin space company.

In the wake of his space exploration mission, Jeff Bezos also has announced plans to travel to space for Blue Origin’s first space tourism trip on July 20.

Related Tags: Amazon Jeff Bezos

Related Stories

  • What Is Digital Twin Technology?

    What is digital twin technology?

  • Google At The Ces 2019: Assistant Reigns Supreme

    Google at the CES 2019: Assistant reigns supreme

  • Google Fined 50 Million Euros By France For Gdpr Violation

    Google fined 50 million Euros by France for GDPR violation

FacebookTweetPinLinkedInPrintEmail
Avatar Of Sheharyar Ahmad Saeed

Sheharyar Ahmad Saeed

Writer

Sheharyar currently resides at the bustling intersection of technology and everyday life. He believes that having Art in the right hand and learning Science through left, this blend will lead you toward the actual decency of the universe.

Reader Interactions

Share Your Thoughts Cancel reply

Please read our comment policy before submitting your comment. Your email address will not be used or publish anywhere. You will only receive comment notifications if you opt to subscribe below.

Primary Sidebar

Become a contributor

We are accepting contributor applications. All applications will be decided in 3 days after applying. To learn more click here.
TechEngage-Apple-News
TechEngage-Google-News
An image showing popular smartphones available on Amazon to buy for you in 2023

17 Best smartphones to buy on Amazon in 2023

An Image of Video Doorbell

6 best video doorbells without subscription 2023

Recent Stories

  • 5 Best video game consoles to Buy on Amazon in 2023
  • Exploring the Science Behind How a Washing Machine Cleans Your Clothes
  • Android Rooting Guide: Risks and Procedure to Root an Android Device
  • How the Debt Ceiling Bill Approval Will Affect Financial Markets Around the World
  • US Congress Avoids Default: Senate Passes Debt Ceiling Bill

Footer

Discover

  • About us
  • Newsroom
  • Staff
  • Advertise
  • Send us a tip
  • Startup Submission Questionnaire
  • Brand Kit
  • Contact us

Legal pages

  • Reviews Guarantee
  • Community Guidelines
  • Corrections Policy and Practice
  • Cookies Policy
  • Our Ethics
  • Disclaimer
  • GDPR Compliance
  • Privacy Policy
  • Terms and Conditions

Must reads

  • Best AirPods alternatives on Amazon
  • Best PC monitors for gaming on Amazon
  • Best family board games
  • Best Graphics Cards (GPUs) for gaming
  • Best video doorbells without subscription
  • Best handheld video game consoles
  • Best all-season tires for snow
  • Best mobile Wi-Fi hotspots
  • Best treadmills on Amazon
  • Best AM radios for long-distance reception

Download our apps

TechEngage-app-google-play-store
TechEngage app coming soon on App Store

Copyright © 2023 · All Rights Reserved · TechEngage® is a Project of TechAbout LLC.
TechEngage® is a registered trademark in United Kingdom under Trademark Number UK00003417167 and is ISSN protected under the ISSN 2690-3776 and OCLC Number 1139335774.

Go to mobile version
Share this ArticleLike this article? Email it to a friend!

Email sent!