By JOSEPH PISANI and MICHAEL LIEDTKE AP Enterprise Writers
Even after stepping apart as CEO, Amazon founder Jeff Bezos will probably proceed to establish new frontiers for the world’s dominant e-commerce firm. His successor, in the meantime, offers with mounting efforts to scale back Amazon’s energy.
Tuesday’s announcement that Bezos will step down as CEO this summer time got here as a shock. However that does not imply Amazon is dropping the visionary who turned an internet bookstore based in 1995 right into a $ 1.7 trillion behemoth that typically appears to perform a little little bit of all the pieces.
Bezos, 57, has by no means let Amazon relaxation on its laurels. Within the final 12 months alone, he purchased an organization that develops autonomous taxis; launched an internet pharmacy that sells inhalers and insulin; and bought authorities approval to place greater than three,200 satellites in area to transmit Web service to Earth.
Andy Jassy, a longtime Amazon government, would be the new CEO, however Bezos will function the corporate’s chief government, representing the board leaders who, not like most, stay concerned in choices. key operations. Assume Robert Iger at Disney, Howard Schultz at Starbucks, or Eric Schmidt at Google after handing over the reins a decade in the past.
“Jeff Bezos has had a agency grip on the corporate for a very long time,” mentioned Ken Perkins, president of RetailMetrics LLC, a retail analysis agency. “I’ve to consider that he may have a voice in what is occurring and may have a big say within the total choices.”