27 years in the making: Jeff Bezos has stepped down as the Amazon CEO

27 years in the making: Jeff Bezos has stepped down as the Amazon CEO

Cassandra Salot

Everyone knows it, most hectic families probably love it, and some certainly despise it. But wherever your relationship stands with Amazon, Feb. 2, 2021 will certainly be remembered. After 27 years, billionaire Jeff Bezos will step down as the CEO of Amazon. 


News broke of Bezos’ decision on Feb.  2, 2021. This does not give people a reason to fret nor fear. There is no need to worry about if Amazon automatic shipments will still go through.  Though Bezos’ decision came as a shock to millions, he isn’t really going anywhere. He is going from CEO to an Executive Chair. 


“As Exec[utive] Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Orgun, The Washington Post and my other passions,” Bezos said in a blog post. 


So who is going to take the load off being the CEO of Amazon? Amazon Web Services CEO Andy Jassy will take over Bezos’ position. Jassy has been an important part of Amazon and certainly proves he is made for the job. He has been at Amazon since 1997 and has served as the CEO of Amazon Web Services since 2016. Many people believe that the “transition of power” from Bezos to Jassy will be smooth sailing, considering Bezos and Jassy are very similar.


“It was time for a change, and I think he [Bezos] knew that. It was in talks for a while that he was going to step down. He has made his wealth and that certainly won’t stop growing,” Senior Patrick Rowley said.


When Bezos started Amazon in 1994, it was only a website to sell books online. Now in 2021, Amazon is not only a third-party marketplace, but also an “everything store” and an entertainment production firm. As of 2021, Bezos is on the list of the top three richest people in the world, with an estimated net worth of around $196 billion dollars.