Bezos to step down as CEO of Amazon this year

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Amazon founder Jeff Bezos said Tuesday he would give up his role as chief executive of the tech and e-commerce giant this year as the company reported a surge in profit and revenue in the holiday quarter.

The said Andy Jassy, who heads Amazon Web Services, would take over as CEO in the third quarter.

The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion.

Amazon quarterly profit triples to $6.3 bn on retail, cloud

© 2021 AFP

Bezos to step down as CEO of Amazon this year (2021, February 2)
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Amazon CEO Jeff Bezos may step down without stepping away

Thu Feb 4 , 2021
In this Sept. 19, 2019, file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington. Amazon said Tuesday, Feb. 2, 2021, that Bezos is stepping down as CEO later in the year, a role he’s had since he founded the company nearly […]