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Jeff Bezos to resign as Amazon CEO, now Andy Jassy will take over the responsibility

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In his letter to the employees, Jeff Bezos said that I will focus on new products with full energy in my new role. I am confident on Andy Jassy that he will be an excellent leader. My journey started almost 27 years ago. Amazon had an idea and had no name.

Amazon Chief Executive Officer (CEO) Jeff Bezos is due to resign. He will leave office by the end of this year. Bezos has written a letter informing his employees of the decision. In a letter on Tuesday, he said he is quitting the role of CEO in the company. In his place, Andy Jassy will be made CEO.

Earnings lashed last year

Jeff Bezos wrote in the letter, “I am excited to announce that I will play the role of Amazon executive chairman and and Andy Jesse will be the new CEO of the company”. Jassy is currently head of amazon web service. Bezos made the announcement at a time when Amazon released its fourth quarter financial results ended December 31, 2020. The company has sold $100 billion in the last three months of 2020.

Excited about the new Role

Amazon was launched in 1995 as a startup by Jeff Bezos and today ranks among the largest e-commerce companies in the world. “I will focus on new products with all my energy in this new role,” he added in the letter. I am confident on Andy Jesse that he will be an excellent leader’.

It is also written in the letter

Jeff Bezos wrote in his letter that the journey began about 27 years ago. Amazon only had an idea and had no name. During that time, most often I was asked the question, “What is the Internet?” Today we employ 1.3 million talented, dedicated people. Hundreds of millions serve customers and businesses, and are widely recognized as the most successful companies in the world.

We normalized strange things

He further wrote, ” How did all this happen? The answer is invention. Invention itself is the core of our success. We did weird things together and then normalized them. We preferred customer review.

If you work correctly, then after a few years of astonishing invention, new things become normal. People work with ease while yawning and it is the most relaxing moment for any inventor’.

We have shared happiness and sorrow.

“I don’t know what the track record is like in terms of inventions of other companies, but we have done a very good job and you should be proud of your inventors like me,” Bezos wrote. I find my work worthwhile and fun.

I work with the smartest and brightest team, it’s a privilege for me. When times are good, you stay humble. When times are tough, you become stronger and helpful. We have shared each other’s happiness and sorrow, that’s the pleasure of working in a team’.

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Now I’ll have some time

In the letter, he wrote that I am excited about my new role. Millions of customers depend on us for our services, and 1.3 million employees depend on us for their livelihood. We have to take care of that.

When you take over the responsibility of a larger position like a CEO, you don’t have time to pay attention to anything else. In my new role, I will engage in amazon’s important tasks, but I will also have time to do something for my passion like the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post.

Don’t be discouraged at all

He has added that there are many things in Amazon’s pipeline that will surprise the world. From where we are, we have to go farther. So keep on inventing and if your idea is called madness at first, don’t be discouraged at all. Always explore possibilities and show your curiosity the way.

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