Economy. Jeff Bezos (part) gives up control of Amazon

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Amazon founder Jeff Bezos said Tuesday that he would step down as CEO of the e-commerce giant this year while remaining chairman of the board.

In a letter to his co-workers, Jeff Bezos said he plans to devote himself to philanthropic causes, outer space and the Washington Post, an American newspaper he bought.

'I will continue to be involved in the big decisions of Amazon,' he said.

The multibillionaire Jeffrey Preston Bezos, who is fighting with Tesla boss Elon Musk for the title of the richest man in the world, has turned an online bookstore into a high-performance technology company, a must-see on the Internet.

Who is his successor?

Andy Jassy, ​​currently head of the groups cloud office (AWS), will become the new head of the Seattle-based company in the third quarter.

The future boss Andy Jassy came to Amazon when the company was still in the start-up phase as Marketing Director in 1997. There he founded Amazon Web Services in 2003. Less known to the public, the cloud industry has become one of the most profitable, ahead of Microsoft and Google, of the group that dominates this global market.

'Amazon is (the company) by virtue of invention,' Jeff Bezos said on the groups quarterly earnings release. 'If you get it right, new things become normal a few years after a surprising invention. People yawn. Its the greatest compliment an inventor can get,' he continued.

'Amazon has never been so inventive, now is a great time for that transition.'

The platform strengthened by the pandemic

This announcement comes as Amazon emerges stronger than ever after a year of pandemic that exploded in online retail and cloud (remote computing) demands.

Net income doubled to $ 7.2 billion in the fourth quarter of 2020 thanks to the lucrative holiday season and lockdown measures in many countries.

Amazon is worth more than $ 1.6 trillion on the exchange.