After several announcements informing employees and investors of plans to resign, Jeff Bezos, the founder of Amazon, eventually resigned from his role as CEO of the company he founded 27 years ago, handing over his position and duties to his longtime deputy, Andy Jassy.
While Bezos remains Amazon’s largest shareholder and will continue to wield considerable influence as the company’s executive chairman, his move to step down as CEO will allow him to focus on other projects.
His projects include his climate change philanthropy and his space exploration company, Blue Origin.
For Amazon’s Chief Financial Officer, Brian Olsavsky, “Jeff is really not going anywhere. It’s more of a restructuring of who’s doing what.”
For more information, read the original story in NPR