Home » Business » Jeff Bezos will no longer be Amazon’s boss. It ends after 27 years

Jeff Bezos will no longer be Amazon’s boss. It ends after 27 years

Bezos, 55, founded Amazon in 1994 and over time has become the world’s largest online store. The market value of the company gradually climbed to 1.7 trillion USD (36.8 trillion CZK). According to the latest ranking of Forbes magazine, Bezos is the richest man in the world with assets of USD 177 billion (CZK 3.8 trillion). Bezos wants to continue participating in new Amazon projects, but intends to pay more attention to its other companies as well.

Jassy graduated from Harvard University and joined Amazon in 1997 as a marketing manager. For the past 15 years, he has led Amazon’s cloud division, AWS, which he contributed to, making a business with an annual turnover of $ 40 billion. AWS accounts for about 60 percent of the group’s total operating profit.

Andy Jassy

Foto: Mike Blake, Reuters

It will now be up to Jassy to continue Amazon’s new activities, including efforts to highly automate warehouses. But it will also have to address how Amazon will respond to investigations launched by regulators around the world. They examine whether large American technology companies have too much influence. It will also have the task of fulfilling Bezos’s recent promise that the company will take better care of its employees. Bezos made this promise after a year of unrest in warehouses, but also at the Seattle headquarters.

Bloomberg has warned that it is not yet clear what Jassy could do differently in the CEO’s chair. In addition to agreeing with Amazon’s decision to support inventions and big bets, he has not yet commented publicly on his priorities. Interviews with his current and former colleagues, partners and competitors suggest that he will be as stubborn as he is looking for new opportunities.

Jassy’s abilities did not escape the competition either. According to Business Insider, Microsoft CEO Steve Ballmer considered Jassy as his successor in the past before finally choosing Satya Nadella. He was also speculated about as Travis Kalanick’s successor in the leadership of the alternative taxi service Uber.

Jassy has been married since 1997 and has two children with his wife Elana. He often speaks openly about social justice issues, condemning, for example, the police killings of African Americans and recently becoming a sponsor of Amazon’s black staff network. He also spoke publicly on immigration, discrimination against people with a minority sexual orientation and affordable housing. But mostly he avoids comments on politics.

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