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5 Things To Know About Andy Jassy’s Transition To Amazon CEO

‘Like the rest of Amazon, AWS is in a very good spot,’ Jassy wrote in a memo to employees. Here’s everything you need to know about Amazon’s succession planning and its S-Team bench, what Bezos had to say about Jassy, and how partners and analysts reacted to the announcement.

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What Bezos Has To Say About The Transition

In an email to Amazon employees yesterday, the 57-year-old Bezos said he intends to focus on new products and early initiatives as executive chair.

“Andy is well known inside the company and has been at Amazon almost as long as I have,” Bezos said. “He will be an outstanding leader, and he has my full confidence.”

Bezos noted that millions of customers depend on Amazon’s services, and more than a million employees depend on Amazon for their livelihoods.

“Being the CEO of Amazon is a deep responsibility, and it’s consuming,” he said. “When you have a responsibility like that, it’s hard to put attention on anything else. 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. 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.”

“Amazon couldn’t be better positioned for the future,” Bezos said. “We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it.”

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