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Reuters
Amazon has announced that Jeff Bezos will step down as CEO of the company, to be replaced by Andy Gacy.
In an email to employees, Bezos said, “Amazonians, I am delighted to announce that starting in the third quarter of this year, I will be stepping into the role of CEO of the Amazon board and Andy Gacy will become CEO. “
He added: “With this new position, I intend to focus my energies and my interest on new products and early initiatives… Andy is well known within the company and has been working there for a long time. “
Bezos founded the “Amazon” company in 1993 with his ex-wife MacKenzie, and became the richest man in the world with a net worth of $ 185 billion.
Amazon’s share price rose 1.1% after the announcement.
Source: “Daily Mail”
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