Jeff Bezos To Step Down As CEO Of Amazon

February 2, 2021 Business, Technology

Tech Crunch reports:

Amazon founder and current CEO Jeff Bezos will be transitioning to Executive Chair of the company sometime in Q3 of this year, with current AWS CEO Andy Jassy taking over the top executive role at the commerce company. Amazon announced the news alongside its earnings results on Tuesday.

Amazon initially rose after-hours as the market digested both the company’s earnings and its CEO news. The company beat on both earnings per share, and revenues. That makes it hard to untangle the market’s response to its busy set of announcements.

JUST IN: Jeff Bezos is stepping down as Amazon CEO. He will be replaced by Andy Jassy. https://t.co/k42oKOz9Ad

— Alexis Benveniste (@apbenven) February 2, 2021

HOLY CRAP JEFF BEZOS IS LEAVING THE CEO JOB AT AMAZON ALL OF THE ALARMS.

— Shira Ovide (@ShiraOvide) February 2, 2021

Jeff Bezos to step down as Amazon CEO, be replaced by AWS head https://t.co/GjPkmVcqtz

— MarketWatch (@MarketWatch) February 2, 2021