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The richest man in the world steps down from his position on Amazon

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

On the day after Independence Day in the United States, Jeff Bezos relinquishes the day-to-day business of the massive company he founded nearly three decades ago.

And theHe said Jeff Bezos at the company’s annual shareholder meeting Wednesday: His last day in office will be the 5th of July.

Bezos then becomes the CEO of Amazon. AWS Unit CEO Andy Gacy holds the highest position.

The richest man in the world said: We chose this date because it is an emotional date for me. It’s the date Amazon was founded in 1994, that is, 27 years ago.

“I am very excited to move into the CEO position as I focus my energies and interest on new products and early initiatives,” he added.

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

At the time, the company said, the transition would happen sometime in the third quarter.

Gacy was a member of the founding team of the AWS unit in 2003. He has been the CEO of this unit since 2016.

In the first three months of 2021, AWS generated about $ 13.5 billion. This represented 12 percent of Amazon’s total revenue for the quarter.

The leadership of the company after the withdrawal of the richest man in the world:

As Amazon continues to enjoy spectacular financial success, Gacy will take the lead during a somewhat turbulent time for the company.

Amazon faces antitrust scrutiny from regulators in Europe and the United States.

This week, Washington, DC, Attorney General Karl Racine sued the company for allegedly illegally misusing it and maintaining its monopoly power by controlling prices across the online retail market and violating DC law.

The move date news comes as Amazon announced a deal to buy MGM for $ 8.45 billion.

The world’s richest man said: MGM has an extensive and deep list of much-loved intellectual property.

He added: With the talented people at MGM and Amazon Studios, we can reimagine and develop titles for the 21st century.

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