The world;s richest man, Jeff Bezos and Founder of Amazon Inc. had annouced in Feb. ‘21 that he will step down from an operational role to become the Executive chairman to focus on his other passionate areas including Space Travel, driverless vehicles and his newly acquired “The Washington Post” media outfit among others.
He had annouced that , Andrew R Jassy, CEO of Amazon Web Services (which owns and runs Amazon Cloud services among others) will be the incumbent.
Now, it has been annouced that Andrew will take over on 5 July 2021 due to sentimental reasons, for that’s the day Amazon was founded, Bezos said during a shareholders meet on 2 Jun. ‘21.
Andrew takes over the helm of affairs perhaps during one of the most exciting times for e-commerce due to the Covid-19 pandemic which has changed shopping habits across a cross section of people worldwide. Today, more consumers are preferring to shop online by choice, for fear of getting infected when they step out to buy non-discretionary items such as grocery & household products.
E-commerce adaptation has been the fastest worldwide during the year 2020 and in countries like India where traditional offline sales has been over 95%, this is a golden period for the most valuable company on Earth to catapult it’s revenues, profits as well as to show it’s “real value” to consumers beyond it’s paper valuation. Interesting times ahead for Amazon & Andrew.