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Jeff Bezos is stepping down as Amazon’s CEO to become Chief Executive, focusing more time on his other projects, including Blue Origin
In the evening of 2.February 2021, the breaking news of Amazon CEO Jeff Bezos quitting from his role hit the media, announcing that Amazon Web Services current CEO Andy Jassy will be taking the spot by the end of this year.
This will not be the first departure of a major Amazon figure, after Amazon UK Managing Director Doug Gurr and Worldwide Consumer CEO Jeff Wilke left as well.
I decided to summarize here what the change will mean for Amazon and its third party sellers.
In a letter to Amazon staff, Jeff Bezos stated that the main reason behind this decision was all the responsibility which comes with being a CEO of such a large company as Amazon and he wishes to focus more time into his other projects, including Blue Origin.
Over the recent weeks, Amazon has been publicly sparring with Tesla’s CEO Elon Musk and it sounds like Jeff Bezos’s name will be soon more commonly associated with space travel industry, rather than Amazon platform.
Though, Jeff Bezos will still remain an Executive Chair, being involved with Amazon, but without all the legal responsibility – which meant that he had to testify in front of the US Congress over an anti-trust hearing.
Will this be the end of jeff@amazon.com “solve-it-all” e-mails?
As soon as Amazon CEO Jeff Bezos officially steps down as Amazon’s CEO in the third quarter of year 2021, the famous e-mail address will most likely stop functioning as the e-mail for escalations. A few months ago, Dharmesh Mehta, Worldwide Customer Trust & Seller Support chief executive made an announcement in the Seller central, where he also included his e-mail, suggesting that he wants to get contacted by sellers.
In addition, Amazon Web Services is a completely different business unrelated to the issues of third party Amazon sellers, so it is very unlikely that the new CEO Andy Jassy is going to have any strong role in this field and give away his e-mail for sellers to use.
Will Jeff Bezos still remain as the world’s richest person?
Yes. The leadership change will not affect the fact that he owns the company in any way. He will remain in a high position. Just without the responsibility.
What do regular Amazon employees think about this move?
Here you can view the full statement from Jeff Bezos regarding the matter:
| Fellow Amazonians: I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while. Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world. How did that happen? Invention. Invention is the root of our success. We’ve done crazy things together, and then made 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. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive. I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be. As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well. I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team. 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. 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. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have. Amazon couldn’t be better positioned for the future. We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it. Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1. Jeff |
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