Bezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund.
Amazon has announced that Jeff Bezos will step down as Chief Executive of Amazon in the Q3 of 2021, turning the helm over to the company’s top cloud executive, Andy Jassy.
Bezos will become executive chairman, a move he said would give him “time and energy” to focus on his other ventures.
In a letter to Amazon, Jeff Bezos said: “Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”
He added: “I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organisations can have.
“As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else.”