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Bezos will step down as Amazon CEO and serve as executive chairman of the board

2021-02-03 89
According to foreign media reports, on February 2, local time, Amazon announced that Jeff Bezos will no longer serve as the company’s CEO in the third quarter of this year. The company’s Amazon Web Services CEO Andy Jassi will take over his position. Zoss will be transferred to serve as executive chairman of Amazon's board of directors.

Bezos said in a blog post to employees that he plans to focus on new products and planned projects that Amazon is developing. Bezos said that he will spend more time on side projects, including his space exploration company Blue Origin (Blue Origin), his own charity projects, and overseeing (overseeing) the famous English media "Washington Post" he owns. Newspaper (Washington Post).

Bezos said in the statement, "Now, I think it is the most creative period in Amazon's history, so it is also the best time to transfer power."


Bezos will step down as Amazon CEO and serve as executive chairman of the board


Since 2017, Bezos has been the world's richest man and was surpassed by SpaceX CEO Musk in January this year. However, the latest real-time data from Forbes' global rich list shows that Bezos is worth as much as 196.2 billion US dollars, surpassing Musk to become the world's richest man. After leaving office, Bezos is still Amazon's largest shareholder.

After the close on Tuesday, local time, Amazon announced its fourth-quarter financial report for the 2020 fiscal year ending on December 31. According to the financial report, Amazon's revenue for the quarter was US$125.6 billion, a year-on-year increase of 44%, exceeding the average analyst estimate of US$119.7 billion. This is also the first time that Amazon’s single-quarter revenue exceeded US$100 billion. AWS Q4 revenue was $12.7 billion, a year-on-year increase of 28%.

Amazon said that in fiscal 2020, Amazon’s revenue was 386.064 billion U.S. dollars, an increase of 38% year-on-year; net profit was 21.331 billion U.S. dollars, an increase of 84% year-on-year;
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