Jeff Bezos Steps Down as Amazon CEO

Amazon announced Tuesday that Jeff Bezos will step down as CEO of the company later this year while the Amazon Web Services executive, Andy Jassy, will take his place. 

Natalie Daniels

AfterBuzz TV Host & Writer
Posted On: February 2nd, 2021 7:01 pm pst

Maria Menounos
Keven Undergaro
AfterBuzz TV Founders

Founded by Emmy winning journalist Maria Menounos and Producer Keven Undergaro, AfterBuzz TV is the artist-friendly entertainment news platform that celebrates, discusses, interviews, promotes and reports on the widest range of stars, creators and content through video, audio and article publications.

Amazon announced Tuesday that Jeff Bezos will step down as CEO of the company later this year while the Amazon Web Services executive, Andy Jassy, will take his place. 

After 27 years, Bezos will transition from CEO to the executive chair of the company. Andy Jassy will resume the role as CEO in this year’s third quarter on July 1. 

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In a blog post to employees, Bezos explained his excitement about transitioning to focus on “new products and early initiatives.” He also expressed that he has full faith in Jassy as the new CEO. “Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”

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Founded in 1995 by Bezos himself, the company evolved from an online bookstore to one of the largest digital retail platforms. Amazon’s earnings report for the 4th quarter in 2020 announced on Tuesday that the company had its largest quarter with $125.56 billion in sales.

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Bezos said his transition will also allow him to put energy into his other projects like the Day 1 Fund, the Bezos Earth Fund, Blue Origin, and The Washington Post.   

Founded by Emmy winning journalist Maria Menounos and Producer Keven Undergaro, artist-friendly AfterBuzz TV is the world’s largest digital broadcast network and pop culture news platform, producing post-game ‘after-shows’ for nearly all favorite TV shows, interviewing cast and showrunners and providing the widest video, audio and article coverage of shows, content and influencers than any entertainment news platforms in existence

“We don’t just celebrate and cover the top shows, content and stars, we celebrate and cover ALL the shows, content and stars.”

Maria Menounos

About The Author:

Natalie Daniels is a Journalism major at Emerson College in Boston and an intern at AfterBuzz TV. With her love of entertainment news and positive storytelling, she is passionate about all things music, TV/ movies, and pop culture.

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