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07/07/2021

Andy Jassy Takes Over as Amazon CEO

Jeff Bezos, founder and longtime CEO of Amazon, officially stepped down from his role at the helm of the ecommerce giant on July 5.
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Andy Jassy, who has been serving as CEO of Amazon Web Services, is the new CEO of Amazon. As part of the transition, Bezos is taking on the role of executive chairman.

The change in CEO comes after Amazon conducted its most successful Prime Day sales event to date. On the first day of the event, June 21, sales topped $5.6 billion. Additionally, Prime Day 2021 was the biggest two-day period ever for Amazon’s third party sellers.

“A huge thank you to all of the Amazon teams who made this Prime Day possible for members worldwide and to Prime members who supported small businesses in big ways,” said Dave Clark, CEO of Worldwide Consumer. “Prime members are an important part of our Amazon family, and we love to celebrate them during Prime Day with incredible deals and entertainment, including this year’s Prime Day Show.”

Jassy will oversee the company amid its huge growth since the start of the COVID-19 pandemic. However, he will also face a number of challenges, including Amazon’s ballooning emissions. Last year, the company’s carbon footprint expanded 19%, according to Amazon’s recent sustainability report.

Later this month, Bezos is heading to space in the first-ever manned flight from the spaceflight services company Blue Origin, which he founded.