---
title: "Jeff Bezos-Signing off as CEO"  
description: "Guess What?  Jeff Bezos walks off as the Chief Executive Officer and Andy Jassy to take over!"  
author: "Saddiya  Anwar"  
published: 2021-02-03  
updated: 2021-02-03  
canonical: https://www.mindstick.com/news/334/jeff-bezos-signing-off-as-ceo  
category: "technology"  
tags: ["technology news", "amazon service", "amazon support", "amazon customer service"]  
reading_time: 2 minutes  

---

# Jeff Bezos-Signing off as CEO

## Guess What?

**[Jeff Bezos](https://www.mindstick.com/news/1634/jeff-bezos-responded-joe-biden-s-words-can-corporate-taxes-tame-inflation) walks off [as the Chief](https://answers.mindstick.com/qa/39393/the-comptroller-and-auditor-general-of-india-acts-as-the-chief-accountant-and-auditor-for-the) [Executive Officer](https://answers.mindstick.com/qa/38479/name-the-media-professional-who-has-been-appointed-by-the-board-of-control-for-cricket-in-india-bcci-as-its-first-chief-executive-officer) and Andy Jassy to take over!**

Amazonannounced its new **Chief Executive Officer-Andy Jassy**, currently serving as the chief executive of [Amazon Web Services](https://www.mindstick.com/articles/290104/5-advantages-of-amazon-web-services-aws), the company’s fast-growing [cloud computing](https://www.mindstick.com/articles/12172/programming-cloud-computing-driven-by-scientific-theory-viewpoints-challenges) business.

![Jeff Bezos-Signing off as CEO](https://www.mindstick.com/usernews/595722/cc62b148-db99-49ff-b84f-e5c7b3169b1f/images/6c20e141-e301-4c99-8f71-0a3035987079.jpeg)\

The change in the executive structure of the company has been announced as for the first time, Amazon reported its third consecutive record profit and quarterly sales above $100 billion.

![Jeff Bezos-Signing off as CEO](https://www.mindstick.com/usernews/595722/cc62b148-db99-49ff-b84f-e5c7b3169b1f/images/dad77a1d-4562-4050-a7d5-ab88bc27b433.jpeg)\

#### Vacations brought a hike in net sales

According to IBES data from Refinitiv. due to the high consumption of the produces of the largest online retailer, net sales rose to $125.56 billion

The [company established](https://answers.mindstick.com/qa/45024/when-was-the-english-east-india-company-established) 27 years ago by the then internet bookseller, Bezos says on this note that **"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](https://www.mindstick.com/news/3954/india-is-now-a-partner-nation-for-sera-and-blue-origin-s-space-initiative), The Washington Post, and my other passions."** **He further says, "I've never had more energy, and this isn't about retiring".**

##### Did you know this?

Amazon was founded by Jeff Bezos in 1994 and strengthened its ranking to the list poof the world's largest [**companies**](https://www.mindstick.com/news/333/xiaomi-s-new-launchings-soon-know-your-buy) in the world, with a fortune of $185bn. Amazon started as an online bookseller, is now dominating various quarters such as cloud computing, groceries, electronics, and entertainment, and employs more than 1.1 [million people](https://yourviews.mindstick.com/view/88141/modi-is-a-hope-for-140-million-people).

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Original Source: https://www.mindstick.com/news/334/jeff-bezos-signing-off-as-ceo

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