Bye-o Jeff. Hi, Andy!: Andy Jassy finally takes over as Amazon chief

[WolframaticAlpha]

Summary

Amazon founder and mascot, Jeff Bezos today finally stepped down as CEO of Amazon after 27 years at the company. Bezos had announced his retirement in January 2021. He handed over the 1.7 trillion dollar Amazon empire over to Andy Jassy, who has been instrumental in the success of Amazon Web Services. Jassy joined the company in 1997. Bezos will still remain as Amazon's chairman and one of the largest individual shareholder. Jassy previously has been the head of AWS.

 

*sorry for the typo

Quotes

Quote

The transition comes as Amazon navigates a tricky period in its history. The company is reaping huge profits as consumers, locked at home because of the COVID-19 crisis, become more reliant on both e-commerce and online services. That in turn has attracted regulatory scrutiny from lawmakers concerned about the power Amazon has over the retailers who use it as an online storefront. 

 

My thoughts

It would be quite interesting to see how Jassy, while no doubt qualified in the field of ecommerce, a cloud guy manages the massive behemoth that is amazon. While you may have your personal opinions about bezos, he was a very driven leader who brought ecommerce, corporate cloud and numerous other innovations to the market.

 

Sources

Jeff Bezos steps down as Amazon boss - BBC News

Andy Jassy officially takes over as Amazon CEO from Jeff Bezos - The Verge

Jeff Bezos will hand CEO role to Andy Jassy; Amazon reports record profit - CNET

 

[poochyena]

3 minutes ago, WolframaticAlpha said:

Jeff Bezos today finally stepped down as CEO of Amazon

3 minutes ago, WolframaticAlpha said:

Bezos will still remain as Amazon's CEO

what

[The_russian]

25 minutes ago, WolframaticAlpha said:

Bezos will still remain as Amazon's CEO

Bezos is taking the position of executive chair, not CEO. The CEO is now Andy Jassy, should probably update the post to avoid confusion.

[WolframaticAlpha]

2 minutes ago, The_russian said:

Bezos is taking the position of executive chair, not CEO. The CEO is now Andy Jassy, should probably update the post to avoid confusion.

fixed it. Thanks!

[Arika]

33 minutes ago, WolframaticAlpha said:

It would be quite interesting to see how Jassy, while no doubt qualified in the field of ecommerce, a cloud guy manages the massive behemoth that is amazon

People have this misconception that the CEO manages the whole company. He will have so many advisors and other execs that will allow him to collect his pay-cheque unhindered.

[WolframaticAlpha]

12 minutes ago, Arika S said:

People have this misconception that the CEO manages the whole company. He will have so many advisors and other execs that will allow him to collect his pay-cheque unhindered.

well, yeah. But bezos seemed pretty autocratic(in the book "the everything store"). If a company is used to following an autocratic leader, then changing the culture will be a huge priority for jassy

[poochyena]

33 minutes ago, Arika S said:

People have this misconception that the CEO manages the whole company. He will have so many advisors and other execs that will allow him to collect his pay-cheque unhindered.

is that to imply the CEO does nothing?

[Arika]

10 minutes ago, poochyena said:

is that to imply the CEO does nothing?

No.

 

It is implying the CEO doesn't do EVERYTHING.

[Hassan170]

4 hours ago, WolframaticAlpha said:

Amazon founder and mascot, Jeff Bezos 

Hmmmmmm, Would that make every successful CEO their Company's mascot? 

Elon Musk, not the founder but the Mascot with leadership priveliges.

4 hours ago, WolframaticAlpha said:

While you may have your personal opinions about bezos, he was a very driven leader who bought ecommerce, corporate cloud and numerous other innovations to the market.

 

4 hours ago, WolframaticAlpha said:

who bought ecommerce, corporate cloud and numerous other innovations to the market.

Ah yes. Amazon definitely bought their way into many industries /s

 

^Not sure if this is a typo or just a really clever reference.