• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Thursday, May 19, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

Jeff Bezos steps down as CEO of Amazon, entrusting it to Andy Jassy

admin by admin
February 3, 2021
in News
831 44
0
Jeff Bezos steps down as CEO of Amazon, entrusting it to Andy Jassy
131
SHARES
875
VIEWS
Share on FacebookShare on Twitter

Jeff Bezos steps down as CEO of Amazon, entrusting it to Andy Jassy

By: Ashwathy Nair

  • Bezos will switch to the role of executive chair in the third quarter.
  • Will be engaged in important Amazon initiatives.

On Tuesday, the founder of Amazon, Jeff Bezos stated that later this year he would be standing aside as chief executive of the company that he built from a startup to now being one of the most valuable companies in the world.

The richest person in the world based on his Amazon stake, Bezos stated that he will be switching to the role of executive chair in the third quarter by entrusting the position of CEO to Andy Jassy, who heads Amazon Web Services.

The news regarding this came out as the company reported a blowout holiday quarter with profits that is more than doubling to $7.2 billion and revue shooting 44 per cent to $125.6 billion as the pandemic lockdown instigated online sales to explode around the globe.

Bezos stated in a letter to Amazon employees that he will be “staying engaged in important Amazon initiatives” but would turn towards philanthropic initiatives, including his Day One Fund and Bezos Earth Fund, and other space exploration and journalism business ventures.

Bezos stated that “I’ve never had more liveliness, and this is not about retiring”.

“I’m super passionate about thinking of the impact that I think these organizations can have.”

In the year 1994, Bezos (57), created Amazon in his garage and went on to expand it into a colossus dominating online retail, with music and television streaming operations, food, cloud computing, robotics, artificial intelligence, and more.

Other businesses of Bezos include The Washington Post newspaper along with the private space firm Blue Origin.

In the year 1997, Jassy, his successor, joined Amazon as a marketing manager and created AWS, the company’s cloud services division, which was one of the tech giant’s most lucrative but least-known divisions, in 2003.

In a statement, Bezos stated that “Inside the company, Andy is well known and he has been at Amazon almost as long as I have” “Andy will be an exemplary performer, and he has my full confidence”.

“Right now, Amazon is seen to be at its most innovative ever, making it an optimal moment for this transition,” he said.

As of Tuesday, the market value of Amazon was around $1.69 trillion, a tenfold increase from a decade ago, making it one of the most valuable in the world.

The stake of Bezos gives him an estimated $196 billion worth of personal wealth, marginally more than Elon Musk, who briefly captured the title of the richest person in the world.

Must Read:- Success Story Of Jeff Bezos

 

Previous Post

INSTITUTE OF LEARNING & DEVELOPMENT (ILD)

Next Post

Everything You Need to Know About Pneumococcal Vaccination.

Related Posts

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.
News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

by admin
May 19, 2022
0

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more By Sanjay Maurya Match...

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World
Blog

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

by admin
May 19, 2022
0

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World Who is Elon Musk The billionaire entrepreneur Elon Musk...

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022
Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

May 13, 2022
Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

May 12, 2022
Next Post
Everything You Need to Know About Pneumococcal Vaccination

Everything You Need to Know About Pneumococcal Vaccination.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Upcoming Indian Web Series for 2022-23

Upcoming Indian Web Series for 2022-23

February 15, 2022
Top 10 Richest Actors in India 2021

Meet Top 10 Richest Actors in India 2022

January 18, 2022
The 10 most popular tiktok stars in the world

10 most popular Tiktok stars in the world

March 7, 2022
Top 10 singers in India 2021

Top 10 singers in India – 2021

June 14, 2021

Keyur Shah: The Founder of Hrishee Strategic Advisors | Business Connect Magazine

0
Press Release-NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” (1)

NASSCOM CoE (IoT)to co-organize “THE AEONIAN 2018”

0

MCaffeine, India’s first caffeinated personal care brand

0
Life Partners turned Business Partners to build Startups

Life Partners turned Business Partners to build Startups

0
RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recommended

PATPERT TEKNOW SYSTEMS PVT. LTD | Business Connect

PATPERT TEKNOW SYSTEMS PVT. LTD.

January 17, 2020
VIBFAST PIGMENTS

VIBFAST PIGMENTS

February 20, 2021

Most Popular

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.
News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World
Blog

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India
Blog

Top 10 Mileage Bikes in India

May 18, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 804, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Quick Call with Us

Our team will facilitate you with a call and we will understand your needs.

No thanks, I’m not interested!