The manager will be changed at the top of the largest online retailer Amazon on July 5th.
The company’s founder said Andy Gacy would then take over the CEO role Jeff Bezos On Wednesday at the Amazon shareholder meeting. Management change will take place on the 27th anniversary of the founding of the company.
In early February, Amazon had already announced the change in its top management, but without giving a specific date. Jassy is currently the Head of Thriving Cloud Business. As CEO of the board of directors, Bezos will likely continue to wield significant influence over the group even after he resigns.
The 57-year-old top manager founded Amazon in 1994 and built the company from an online bookstore into a billion dollar group. With an estimated wealth of US $ 190 billion, Bezos is currently the richest person in the world according to the Bloomberg Billionaires Index.
In a memo to Amazon employees in February, Bezos wrote that his decision was not about retirement. “I’ve never had more energy before,” the CEO assured. In his future role as chairman of the board of directors, Bezos wants to focus his energy and attention on new products and initiatives. He is also gaining more time for other projects such as his foundation, Blue Origin or the privately owned newspaper, The Washington Post.