Jeff Bezos Steps Down as CEO of Amazon
Amazon
Amazon CEO and founder Jeff Bezos decided to step away from his role to focus on other priorities.
Amazon was founded on July 5th, 1994 in Bellevue Washington. Amazingly, it’s valued at 1.7 trillion dollars.
Over the years, Jeff Bezos accumulated over 196.2 billion dollars from his company Amazon. On February 2nd, he announced in a letter addressed to the “Amazonians” that he would be stepping down from the role of CEO to the role of executive chairman.
The role of the executive chair is the head of the board of directors, the board is who the CEO works with to assist in running the company. As executive chair, however, Bezos will have more time to focus on his other responsibilities and businesses. In an interview with space.com, Bezos stated “…I intend to focus my energies and attention on new products and innovations.”
These responsibilities include spending more time with his family and running his other companies. For example, he owns the Washington Post, and a company called Blue Origin which is a space exploration company. Amazon was founded on July 5th, 1994 in Bellevue Washington.
He will officially accept his position sometime in Q3, or quarter 3 of the company charts, which is between July, and September. This decision came as a surprise to most Amazon customers.
Joshua Hwang • Jun 17, 2021 at 6:09 pm
I can’t believe Amazon is worth 1.7 trillion dollars!
Regina Rodriguez • Jun 14, 2021 at 10:55 am
I really enjoyed reading your article, it really intrigued me! I wonder what the most valuable or biggest in price thing Jeff Bezos has bought with all the money he has.
Gabriel Ledezma • Jun 11, 2021 at 2:40 pm
Wow, amazing article, something that I learned was that Amazon has been valued over 1.7 trillion dollars.
James Agib • Jun 11, 2021 at 2:24 pm
Wow! This story is very interesting Great job!
Jumana Shams • Jun 10, 2021 at 10:48 am
Great Job Alexander and Sophia! This news article was very interesting to read, and I enjoyed every aspect of your news article. I would like to know more about why Jeff Bezos was so intrigued or even just decided to step down from his position of CEO to the role of an executive chairman. Were there any conflicts or issues on Jeff’s part when running the Amazon company at the position of a CEO, or was Jeff Bezos wanting to be the executive chairman because of the different types of work he needed to get done at that level in the company?
Rylan Stephens • Jun 8, 2021 at 1:57 pm
I enjoyed your article and would like to know more about how Jeff Bezos uses his money since he has 196.2 billion dollars.
Carter Gaiss • Apr 16, 2021 at 9:05 am
This is really interesting! Good job!