![]() The move comes after a dramatic 24 months for Bezos, including a blackmail attempt by the National Enquirer that resulted in a dramatic and furious public denouncement, and the alleged hack of his phone via a WhatsApp message by the Crown Prince of Saudi Arabia. (A side note: strikingly, the company saved $1 billion on transport costs in 2020 as sales teams switched to remote work).īezos will stay on as executive chair and in a letter to employees said this will give him “time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, the Washington Post…” and other efforts. The news came today in Amazon’s full-year earnings announcement, as the company reported 2020 net profits of $21.3 billion, on staggering sales of $386.1 billion, up 38% year-on-year. We’re very happy to see Jeff and Andy get new perspectives”, said Amazon’s head of investor relations Dave Fildes on an earnings call. ![]() “AWS is arguably the most profitable and important technology company in the world. The company has yet to announce a planned replacement for the pivotal role of AWS CEO. Jeff Bezos is to step down as CEO of Amazon in Q3 of 2021, with AWS CEO Andy Jassy taking over the role of chief executive.
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