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Why Jeff Bezoz is stepping down from Amazon’s CEO Position?

As per reports, The former Riches Man in the World, Jeff Bezos, is all set to step down from Amazon’s CEO position.

In an E-mail floated to Amazon Employees, the Mega-online marketplace founder revealed that he would be relinquishing his position in the third quarter of 2021. After stepping down, Jeff Bezos will become Amazon’s new Executive Chairman to turn over day-to-day operations to Andy Jassy, the current Amazon Web Services CEO.

Despite Stepping down from the Top position, Bezos will continue to be involved in Amazon’s project but is predicted to shift his focus on his other ventures. The other ventures where Bezos would turn his attention to will be Bezos Earth Fund, Blue Origin spaceship company, The Washington Post, and Amazon Day 1 Fund.

 

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