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. We serve individuals and enterprises, and we've pioneered two complete industries and a whole new class of devices. We have things in the pipeline that will continue to astonish. We are firing on all cylinders, just as the world needs us to. I'm super passionate about the impact I think these organizations can have.Īmazon couldn't be better positioned for the future. I've never had more energy, and this isn't about retiring. 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. When you have a responsibility like that, it's hard to put attention on anything else. Being the CEO of Amazon is a deep responsibility, and it's consuming. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. It is a joy to work on this team.Īs much as I still tap dance into the office, I'm excited about this transition. When times have been tough, you've been strong and supportive, and we've made each other laugh. When times have been good, you've been humble. I get to work with the smartest, most talented, most ingenious teammates. Other large companies are coming our way. In both cases, we staked out leadership positions and then asked others to come along with us. Two high-impact examples: our $15 minimum wage and the Climate Pledge. I think you should be.Īs Amazon became large, we decided to use our scale and scope to lead on important social issues. I hope you are as proud of our inventiveness as I am. 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. And that yawn is the greatest compliment an inventor can receive. If you get it right, a few years after a surprising invention, the new thing has become 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. We've done crazy things together, and then made them normal. 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. 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. Amazon was only an idea, and it had no name. He will be an outstanding leader, and he has my full confidence. Andy is well known inside the company and has been at Amazon almost as long as I have. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. Here's the full letter from Bezos to Amazon employees: Industry CEOs and Amazon competitors congratulated Bezos and Jassy on the coming transition, with Microsoft CEO Satya Nadella calling Jassy's promotion "well-deserved."Īlphabet CEO Sundar Pichai offered Bezos "best wishes" on his other projects. When you have a responsibility like that, it's hard to put attention on anything else." "Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. "As much as I still tap dance into the office, I'm excited about this transition," Bezos said in his internal announcement. Ken Buck, R-Colo., a member of the House Judiciary Committee, said on Twitter shortly after the announcement that he has questions for Jassy, hinting at an early hurdle when Jassy is installed.īezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund. Amazon is also facing antitrust complaints in the EU. In October, after a 16-month investigation into competitive practices at big tech companies including Amazon, the House Judiciary subcommittee on antitrust concluded that Amazon, Apple, Facebook and Google enjoy monopoly power. Jassy will need to guide the company through antitrust concerns once he takes the reins. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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