Jeff Bezos is stepping down as Amazon CEO and transitioning to a new role of executive chair of the Amazon board.Â
The billionaire founder isn't moving away from the company entirely, it seems, but rather redirecting his energy on new products and forward-looking initiatives.
"As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions," Bezos wrote in an email to employees. "I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have." Read more...
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