NEW YORK: Amazon author Jeff Bezos has picked a date to venture down as CEO. Bezos, who developed Amazon from a web book shop to a web based shopping behemoth, said on Wednesday that Amazon leader Andy Jassy will assume control over the CEO job on July 5.
"We picked that date since it's nostalgic for me," Bezos said during an Amazon investor meeting Wednesday. He clarified that it was actually 27 years prior on that date in 1994 that Amazon was consolidated.
Seattle-based Amazon.com Inc declared that Bezos was venturing down as CEO in February, however didn't give a particular date. Jassy, his substitution, right now maintains the organization's distributed computing business.
Bezos, 57 and with an individual fortune of $167 billion, will not be going far.
He will become chief seat at Amazon and spotlight on new items and drives. He additionally plans to zero in on his different endeavors, for example, his rocket transport organization, Blue Origin, and his paper, The Washington Post.
On Wednesday, Amazon additionally reported it would purchase celebrated Hollywood studio MGM for $8.45 billion with the expectations of filling its video web-based feature with more shows and films to watch.