Announcing his decision in February, Bezos said he would become the company’s executive chairman, while Andy Jassy, head of Amazon’s Web Services, will replace him as CEO. Bezos said his resignation will allow him to spend more time on his other companies.
Amazon has reported a record quarterly profit, with the coronavirus pandemic helping the e-commerce giant grow bigger. According to data released by Amazon, its sales were up 44 percent during the first two months of 2021 compared to the same period last year and stood at $108.5 billion, resulting in the second consecutive quarter that the company has exceeded $100 billion in sales.
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