The new era has begun at world giant Amazon. As Andy Jassy sits in the CEO seat vacated by Jess Bezos, it is believed that this change may be a move to correct the negative image of the company.
Jeff Bezos, the world’s richest person, is handing over his CEO seat at Amazon. Bezos will remain the company’s largest shareholder with a fortune of $ 201.8 billion, according to Forbes.
Bezos today vacated his 27-year CEO seat at Amazon, one of the world’s largest companies with a market value of $ 1.8 trillion. Amazon’s new CEO is Andy Jassy, a longtime executive and one of the company’s shareholders.
Jassy, who started working at Amazon in 1997, soon drew attention of Bezos as a promising staff member. The duo, who have worked together for 24 years and are said to be quite close.
GOING INTO SPACE
It is said that Bezos will concentrate on his charitable work and the company’s field of space technology through the foundations he founded after handing over the mission.
Bezos will also embark on a space trip on July 20 with his brother via Blue Origin, the space tourism company he owns.
AN IMAGE CHANGE?
According to Bloomberg, a variety of image studies are thought to be influential in this shift in Amazon. There is a strong belief that Amazon’s current management change is about image, which has been a target for many years of economists and labor unions who have criticized income inequality and market monopolization.
