TECH Amazon’s new boss faces pressure from all sides as Bezos leaves for space

Now, after almost three decades, the 57-year-old founder is preparing to funnel his energy toward other pursuits. Starting Monday — 27 years to the day after Amazon was incorporated — Bezos will transition to the executive chair of Amazon’s board, handing the CEO title over to his one-time protégé, cloud-computing boss Andy Jassy.

Bezos is departing the CEO role at a time of great success for the company, with Amazon in February surpassing $100 billion in quarterly sales for the first time. While Bezos isn’t going far, he’s still leaving Jassy to deal with many of the headaches of running the day-to-day business, some of which are more intense than before. Amazon is being probed by antitrust regulators in the U.S. and abroad.

Read more: https://www.cnbc.com/2021/07/05/amazon-new-ceo-andy-jassy-takes-over-for-jeff-bezos.html