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Jeff Bezos has resigned as CEO of Amazon on July 5th

Jeff Bezos said resigning as Amazon CEO in just a few weeks. He also said at the company’s annual general meeting on Wednesday that the deadline for the project would be July 5, according to Variety. Bezos will be Amazon’s largest company. Amazon Web Services (AWS) CEO Andy Jassy has taken a top job.

“We chose this day because it is a love affair for me. It is the day Amazon was founded in 1994, 27 years ago,” Bezos said. He said. “I am very excited to be joining the Executive Committee as I use my strengths and focus on new and innovative innovations.”

The Amazon founder announced his plans to step down as CEO earlier this year. At the time, the company said Jassy’s transformation would take place sometime in Q3.

Jassy was part of the AWS founding team in 2003. Since 2016, he has been CEO of the department he helped to become a juggernaut. In the first three months of 2021, AWS to him $ 13.5 billion. That’s 12% of total Amazon revenue for the quarter.

As Amazon continues to make a fortune, Jassy will take the lead in a difficult time for the company. Amazon is being monitored by antitrust from developers in Europe and US. This week, Washington, DC Attorney General Karl Racine He sued the company because it claims that “it abuses its rules inadvertently and imposes pricing on online sales and violates DC law.”

The news of the change is coming the same day Amazon has announced a deal to Buy MGM for $ 8.45 billion. The idea of ​​finding it is easy. “MGM has a very popular business list,” Bezos said. “With the talented people at MGM and Amazon Studios, we can compare and create this IP in the 21st century.”

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