The richest man in the world quits his job at Amazon
The richest man in the world quits his job at Amazon

The richest man in the world will step down as CEO of Amazon in a few weeks.

After Independence Day, Jeff Bezos relinquished running a large corporation that he had founded nearly thirty years ago.

“The last day of his term is the 5th of July,” said Jeff Bezos (Jeff Bezos) at the company's annual general meeting on Wednesday.

Then Bezos became the CEO of Amazon. Andy Gacy, CEO of the AWS division, took first place.

The richest man in the world said: We chose this date because it is an exciting date for me. This is the date Amazon was founded in 1994 (27 years ago).

“Since I focus my energy and attention on new products and initial plans, I am very excited to be the CEO.

The Amazon founder announced his intention to step down as CEO earlier this year.

The company said the transition will take place in the third quarter at this stage.

Gacy joined the founding team of the AWS division in 2003. He has held the position of General Manager of the department since 2016.

In the first three months of 2021, AWS generated approximately $ 13.5 billion. This was 12% of Amazon's total revenue for the quarter.
The management of the company after the resignation of the richest man in the world:

As Amazon continues to achieve incredible financial success, Gacy will play a leading role in the turbulent times of the company.

Amazon is subject to scrutiny by European and US supervisory authorities for antitrust law.

Washington, DC, attorney general, Carl Racine, this week accused the company of unlawfully misusing its products, maintaining monopoly power by controlling pricing across the online retail market and violating District of Columbia laws.

When the news broke, Amazon announced a deal to acquire MGM for $ 8.45 billion.

The world's richest man said: MGM has a comprehensive and detailed list of popular intellectual property rights.

He added: With the talents at MGM and Amazon Studios, we can reinvent and develop games for the 21st century.

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