Jeff Bezos retires as CEO of Amazon in late 2021 to become chairman and succeeds Andy Jassy of AWS | GLM

Jeff Bezos retires as CEO of Amazon in late 2021 to become chairman and succeeds Andy Jassy of AWS

Andy Jassy, the chief of Amazon’s cloud computing division, will become chief executive, while Mr. Bezos, the company’s founder, will become executive chairman.

Amazon founder and current CEO Jeff Bezos will move to the company’s board of directors during the third quarter of 2021 and is the current CEO of AWS (Amazon Web Services) Andy. Jassy will be the head of the commerce company. Amazon announced the news at the same time as the announcement of financial results on February 2, US time.

Amazon set a new record high in both earnings per share and sales. The market responded to both the company’s earnings and CEO news, and initially rose despite overtime.

[Update]Amazon shares began to fall after investors had time to analyze all the numbers released.

Amazon exceeded expectations in both fourth-quarter 2020 in terms of earnings per share and revenue. Investors worried about Bezos’ retirement as CEO will also appreciate the performance-based improvement. Amazon’s quarterly sales exceeded the expected sales of $ 119.7 billion to $ 125.6 billion, for the first time $ 100 billion (10 trillion yen). The yen) broke through. Net income per share was $ 14.09, nearly double the expected $ 7.23.

Jasie was previously pointed out as likely to be Bezos’ successor, as he led AWS to his current success as a leader in cloud computing. AWS achieved 28% revenue growth in the fourth quarter, but not as high as 34% in the year-ago quarter. AWS sales grew from $ 9.95 billion in the year-ago quarter to $ 12.74 billion in the fourth quarter of 2020. AWS operating profit also increased, from $ 2.6 billion in the fourth quarter of 2019 to $ 3.56 billion in the most recent quarter.

By the way, Microsoft’s cloud computing business, Azure, has grown 50% in the last quarter.

Bezos sent an email to Amazon employees, which the company made publicly available on its blog after the announcement on February 2. In it, he continued to “find meaning and enjoyment in his work,” while giving the right time and interest to the “Day 1 Fund, a charitable fund that supports homeless families and the education sector.” Bezos Earth Fund ( Focus on Bezos Earth Fund for Global Warming, Blue Origin, The Washington Post, which Bezos acquired in 2013, and other passions. He says he wants to be.

Bezos’ aerospace company, Blue Origin, has done a lot to date, with regular quasi-orbital missions on the New Shepard rocket. 2021 is likely to be a busy year for the space company as it will be the first New Shepard to launch a passenger space flight.

In addition to its manned spaceflight goals, Blue Origin is currently working with other space industry leaders to develop a manned lunar landing system for NASA. We’re also working on another rocket, New Glenn, a heavy-duty rocket that can carry payloads into orbit. As you can see, many plans are underway at Blue Origin. Bezos previously said that Blue Origin is “the most important job I’m doing” because of the scale that can affect the future of humanity.

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