Amazon’s CEO (Jeff Bezos) has announced the date of resigning from his post.
CEO of Amazon, the world’s largest e-commerce company, Jeff Bezos, has announced the date of resigning from his post. Bezos, the world’s richest man, will step down as CEO of Amazon on July 5, 2021. Bezos, who started Amazon 27 years ago with the sale of books on the Internet, said that Amazon executive Andy Jassy will take over as CEO on July 5.
“We chose that date because it’s emotional for me,” Bezos said during an Amazon shareholders meeting on Wednesday. He told that Amazon was established on that date in 1994, exactly 27 years ago.
Announcement of quitting CEO in February this year
Seattle-based Amazon.com Inc. announced that Bezos had announced his decision to step down as CEO in February. Andy Jessie replaces billionaire and founder Jeff Bezos. From an online bookstore, Amazon has transformed into a mega online retailer today. Which sells and distributes all types of products worldwide.
Bezos will take over as executive chairman
Bezos, 57, has $ 167 billion in personal assets. He will take over as executive chairman at Amazon and focus on new products and initiatives. He plans to focus on his other ventures such as the rocket ship company Blue Origin and his newspaper, The Washington Post.
Amazon will acquire MGM
Amazon will acquire MGM for $ 8.45 billion. Metro Goldwyn Mayer, better known by the name of MGM, is one of the largest studios in Hollywood and has more than 4,000 popular films on its account. These include ‘Basic Instinct’, ‘Creed’, ‘James Bond’, ‘Moonstruck’, ‘Raging Bull’, ‘Silence of the Lambs’, Rocky,’ The ‘Pink Panther’, ‘Tomb Raider’.
MGM has also produced 17,000 TV shows including ‘Fargo’, ‘The Handmaid’s Tale’ and ‘Vikings’. The studio has also won over 180 Oscars and over 100 Emmy Awards.
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