Jeff Bezos to step down as Amazon CEO

Jeff Bezos to step down as Amazon CEO
Jeff Bezos in an interview with David Rubenstein (The David Rubenstein Show: Peer-to-peer conversations), Sep 2018. Bloomberg video, YouTube

[Ed. – Lucky WaPo.  Somehow I feel that that’s what this is about, especially coming at this time.  As a general comment though, I remember when it used to be news on this level that a Big Oil CEO was stepping down, or a Big Auto CEO.  May tech get soon to the greater anonymity those industries have transitioned to.  We should not have to really care who the leaders of Big Tech are, or worry about their politics and their views of human empowerment or how many of us should be exhaling CO2 upon the earth.]

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday.

Bezos, 57, will be replaced in the summer by Andy Jassy, who runs Amazon’s cloud-computing business.

In a blog post to employees, Bezos said he planned to focus on new products and early initiatives being developed at Amazon. He said he would have more time for side projects, including his space exploration company Blue Origin, his philanthropic initiatives and overseeing The Washington Post, which he owns. …

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“Jeff is really not going anywhere,” Amazon’s Chief Financial Officer Brian Olsavsky said in a call with reporters. “It’s more of a restructuring of who’s doing what.”

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