Jeff Bezos is turning the company he founded over to a longtime executive who—though the furthest thing from a household name—is a superstar within Amazon.
In 2021’s biggest tech-industry news so far, Amazon founder Jeff Bezos has announced that he’s stepping back from day-to-day management of the company. He will retain the executive chairman title but is handing CEO duties over to Andy Jassy, the CEO of Amazon Web Services, starting in Q3. Even after you’ve read Bezos’s letter to Amazon employees, you may have questions about the move. Along with “Why?” and “Why now?” one of them is probably, “Who is Andy Jassy?”