The transition is set to happen in the third Quarter of this year.
Amazon, the e-commerce giant started out about 30yrs ago as an online bookstore. It took a leap into e-commerce in the early 2000’s and since then has been growing through the various active strategies introduced and markets geared into.
Jeff Bezos, the 57 yrs old CEO will be taking a bow out of this position to become the executive chairman, a title made for him.
The CEO position is to be taken over by Andy Jassy who has been with Amazon since 1997 and in fact was the main brain behind amazon’s swerve and growth in cloud computing ie Amazon Web Services(AWS)
Jassy, a graduate of Harvard Business school has a track record of innovative strategies and has been well groomed in the “Amazon culture”, a deep concern for Jeff.
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