/Jeff Bezos Steps Down as Amazon CEO

Jeff Bezos Steps Down as Amazon CEO

Jeff Bezos is stepping down as Amazon’s CEO and taking on a new role with the e-retailer in the coming months as its executive chairman of the board.  Andy Jass, the current CEO of Amazon’s cloud computing wing will be replacing Bezos as CEO. (Fox Business)

“Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” Bezos said.

“If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn,” he added. “That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”