Joseph Pisani and Michael Liedtke
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power.
Tuesday’s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn’t mean Amazon is losing the visionary who turned an online bookstore founded in 1995 into a behemoth worth $1.7 trillion that sometimes seems to do a little bit of everything.
Bezos, 57, has never let Amazon rest on its laurels. In the last year alone, it bought a company developing self-driving taxis; launched an online pharmacy selling inhalers and insulin; and won government approval to put more than 3,200 satellites into space to beam internet service to Earth.
Amazon CEO Jeff Bezos may step down without stepping aw
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Amazon CEO Jeff Bezos may step down without stepping away
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How Bezos will continue to guide Amazon after stepping down
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Jeff Bezos may be stepping down as Amazon CEO without stepping away
Updated Feb 03, 2021;
Posted Feb 03, 2021
In this Sept. 19, 2019, file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington. Amazon said Tuesday, Feb. 2, 2021, that Bezos is stepping down as CEO later in the year, a role he s had since he founded the company nearly 30 years ago. (AP Photo/Pablo Martinez Monsivais, File)AP
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Even after stepping aside as CEO, Amazon founder Jeff Bezos appears likely to keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail its power.