Tough Task Awaits Amazon’s New CEO Andy Jassy

Andy Jassy is the new Amazon company chief executive officer (CEO). He currently runs Amazon’s Cloud business and a chairman of the Amazon Web Services (AWS). He has risen from the cloud to become the CEO of the giant online retail firm. He joined the firm in 1997 and since then he has supervised the company’s rapid-developing cloud computing business.

In the early 2000s, Jassy worked as a technical assistant to the outgoing Amazon CEO Jeff Bezos. The change of guard is the biggest transition of leadership since the company’s inception more than 26 years ago.

The appointment of Jassy as the CEO marks the end of speculations that it was either him or Jeff Wilke. Wilke is the CEO of Amazon’s Worldwide Consumer Business. The question is will Jassy maintain the companies performance? Bezos seemed to have set the performance cap so high.

Bezos has seen the company morph itself from an online bookstore into a gigantic online retail store with a global impact. In early 2020, the firm surpassed the $1 trillion market limit.

Bezos transitions to become the executive chair in the third quarter of 2021. According to Forbes, Bezos founded Amazon when he was working in his garage in Seattle. He is the proprietor of the Washington Post, the Bezos Earth Fund and Blue Origin.

He leaves the helm of leadership at a time when the firm had just recorded significant growth that saw its net sales rise by 38 percent, bagging a net income of $21 billion within a year. He leaves the company at a time when it’s valued as the most esteemed in the world, reported its third profit in a row.

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