{"id":2897,"date":"2021-02-02T22:59:46","date_gmt":"2021-02-02T22:59:46","guid":{"rendered":"https:\/\/businessner.com\/?p=2897"},"modified":"2021-02-02T23:05:09","modified_gmt":"2021-02-02T23:05:09","slug":"jeff-bezos-to-step-down-as-amazon-ceo","status":"publish","type":"post","link":"https:\/\/businessner.com\/jeff-bezos-to-step-down-as-amazon-ceo\/","title":{"rendered":"Jeff Bezos to Step Down as Amazon CEO"},"content":{"rendered":"
Amazon founder Jeff Bezos will be stepping down as Chief Executive Officer of the company he founded 27 years ago and will transition into the role of Executive Chairman of the company\u2019s board by the third quarter of the year.<\/p>\n
The world\u2019s richest man according to Forbes<\/a> with a net worth of $196.2 billion, Bezos said in a letter to company employees<\/a> that his move will be done in \u2018optimal time\u2019 as the company has been at its most inventive stage.<\/p>\n Bezos,57, said the move is not about retiring as he will focus his energies and attention on new products and early initiatives but will retain crucial decision-making roles for important Amazon projects. The company founder will also be focusing more on his other ventures such as his Blue Origin space project and his Bezos Earth Fund. He also retains key roles in other companies like the Washington Post and the Amazon Day 1 Fund.<\/p>\n