Amazon’s founder and CEO Jeff Bezos introduced Tuesday (Feb. 2) that he’s stepping down this yr to give attention to different initiatives, together with his spaceflight firm Blue Origin.
Bezos introduced his plan to step down in a letter to Amazon workers, who he addressed as his “fellow Amazonians.” Bezos plans to remain concerned with the corporate, however in Q3 (July-September) he’ll transition to the function of govt chair of the Amazon board. Andy Jassy, the present CEO of Amazon Net Providers, will exchange Bezos as CEO of the corporate, in accordance with the letter.
“Within the Exec Chair function, I intend to focus my energies and a focus on new merchandise and early initiatives,” Bezos wrote within the letter to workers. “Andy is well-known inside the corporate and has been at Amazon nearly so long as I’ve. He can be an impressive chief, and he has my full confidence.”
Bezos wrote that he’ll stay engaged in vital Amazon initiatives as Exec Chair. Nevertheless, this new function will permit him the time and power he must give attention to different initiatives, together with the Day 1 Fund, the Bezos Earth Fund, Blue Origin, and The Washington Put up — amongst different passions.
“I am tremendous passionate in regards to the influence I believe these organizations can have,” Bezos wrote within the letter.
Blue Origin is finest recognized for being the primary on the earth to efficiently land a reusable rocket on a touchdown pad. On Jan. 14, the corporate efficiently launched its first upgraded New Shepard spacecraft for astronauts, the RSS First Step, on an uncrewed suborbital test flight, marking a giant step towards human spaceflight.
“Invention is the basis of our success,” Bezos stated within the letter. “Hold inventing, and do not despair when at first the concept appears loopy. Bear in mind to wander. Let curiosity be your compass.”
Comply with Samantha Mathewson @Sam_Ashley13. Comply with us on Twitter @Spacedotcom and on Fb.