A strong message reached us late in the evening on Tuesday, February 2, 2021. Amazon founder and former board chairman Jeff Bezos, one of the richest people on the planet, wants to resign. As Amazon announced in a press release, Andy Jassy, who has led the lucrative cloud business thus far, will take over in the third quarter of this year.
The important news announced in Seattle came as part of the announcement of the latest financial results for the global group in the online retail sector. Amazon has clearly benefited from the current situation and increased its operating cash flow by 72 percent to US $ 66.1 billion over the past twelve months. For the full year 2020, the company’s net sales increased 38 percent to $ 386.1 billion. In 2019 it was 280.5 billion.
What the change will mean for streaming platform Twitch.tv, which is also part of Amazon, is still among the stars. According to the announcement, Jeff Bezos himself will move into the so-called “Executive Presidency” as part of the transfer of the CEO position.
Jeff Bezos, founder and CEO of Amazon, says:
“Amazon is what it is by invention. We do crazy things together and then we do them normally. We pioneered customer reviews, 1-click, personalized recommendations, blazing fast Prime shipping, Just Walk Out shopping, Climate Pledge, Kindle, Alexa, the Marketplace, infrastructure cloud computing, career choice, and much more.
If you do it right, amazing inventions will normalize after a few years. People yawn. That yawn is the highest compliment an inventor can receive. When you look at our financial results, you are actually looking at the long-term cumulative results of the invention. Right now, I see Amazon at its most inventive, which makes it an optimal time for this transition. “
You can read the original press release from Amazon Here Read.