Friday, November 8, 2024

Jeff Bezos to hand over Amazon CEO role to Andy Jassy on July 5

Jeff Bezos to hand over CEO role to Andy Jassy on July 5, anniversary of company’s creation

Jeff Bezos, founder, and CEO of the multinational technology company Amazon who grew the company from an internet bookstore to an online shopping behemoth, said that Amazon executive Andy Jassy will take over the CEO role on July 5.

He said “we chose that date because it’s sentimental for me, During an Amazon shareholder meeting Wednesday. He explained that it was exactly 27 years ago on that date in 1994 that Amazon was incorporated.”

Seattle-based Amazon.Com Inc. Announced that Bezos was stepping down as CEO in February, but didn’t provide a specific date. Andy Jassy, his replacement, currently runs the company’s cloud-computing business.

Bezos, 57 and with a personal fortune of USD 167 billion, won’t be going far. He will become executive chair at Amazon and focus on new products and initiatives. He also plans to focus on his other ventures, such as his rocket ship company, Blue Origin, and his newspaper, The Washington Post.

On Wednesday, Amazon also announced it would buy storied Hollywood studio MGM for USD 8.45 billion with the hopes of filling its video streaming service with more shows and movies to watch. 

Editorial

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Working Hours in India: Key Laws Every Employee Must Know

Following the tragic death of EY employee Anna Perayil...

IT Industry: 5 Key Indicators of Revival in India’s Tech Sector

Based on the recent second-quarter Q2FY25 results released by...

Labour Laws Evolution in India: A Decade of Reform and Resilience

In response to the changes in India's economic landscape,...

Must Read

NIIT is hiring for various roles including WFH Jobs; Check Details

NIIT, a leading Global Talent Development Corporation that is...

PwC Off-Campus Hiring: Explore Career Opportunities in India

PwC India, PricewaterhouseCoopers International Limited is actively recruiting Associates...

TCS Vs Infosys – Employee Best Practices

Tata Consultancy Services (TCS) and Infosys, two of India's...

Aligning Talent and Business with HR Tech Solutions

Aligning Talent and Business with HR Tech Solutions What is...

SG Analytics appoints Cadila Pharma veteran Kulwinder Singh as CMO

SG Analytics, the market leader in research and data...

Birla White Elevates Pankaj Poddar as Senior Vice President- HR

Birla White, a renowned name in the construction materials...

How OKRs & Goal Settings Boost Employee Performance

How OKRs & Goal Settings Boost Employee Performance There is...

EPFO to increase Salary limit of employees: Report

A high-level committee has proposed the increase the wage...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/