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27 years after Jeff Bezos founded the company he co-founded, he has retired as CEO of Amazon and transferred power to Andy Jassy, ??head of the company’s cloud computing department. .
Bezos told employees and shareholders that he plans to step down in February, appoint Jesse as his successor, and announced that he will remain in the company’s active role as executive chairman, where he will continue to focus on him and the company’s many side initiatives , Including space exploration, climate change and philanthropy.
“As executive chairman, I will continue to participate in important Amazon programs, but I also have the time and energy I need to focus on Day 1 Fund, Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions,” Bezos said at the timeAnd pointed out, “I have never had more energy. It has nothing to do with retirement.”
This date was chosen because of its iconic significance, because Bezos established the company on July 5, 1994.
Bezos is a trained electrical engineer and computer programmer who worked on Wall Street after graduating from college, including meeting his future wife MacKenzie at a company. The two will get married in 1993.
The couple dreamed of starting an online business, even though they didn’t know what to sell at first.
Bezos quickly determined that online bookstores will resonate with consumers, So he and MacKenzie embarked on a road trip to Seattle, a city chosen for its abundant technical talent and a large book dealer near Roseburg, Oregon.
While Mackenzie drove, Bezos wrote a business plan for the company that would become Amazon. Bezos persuaded his parents and some friends to invest in the idea, and Amazon started operating outside the couple’s garage in Seattle the following year.
The company was not profitable for several years before expanding into e-commerce, server hosting and other plans. Today, Jassy takes over a company valued at more than US$1.7 trillion and last year’s revenue was close to US$400 billion.
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