Tech Industry

Bezos will hand over Amazon CEO role to Andy Jassy on July 5

Amazon's outgoing CEO says it's the 27th anniversary of the company's incorporation.

Jeff Bezos at an event in India in 2020. He first announced his upcoming departure from the CEO role in February 2021.
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Jeff Bezos gave an exact date for his previously announced departure as the CEO of Amazon: July 5. That's the day Andy Jassy, the company's current CEO of Amazon Web Services, will take over the job.

Calling the date "sentimental," Bezos noted during the company's annual shareholder meeting Wednesday that July 5, 1994, is the date that Inc. was incorporated in the state of Washington. (It's now incorporated in Delaware.) Jassy, he said, is ready to take on the challenge.

"He's been at Amazon almost as long as I have, and he's an outstanding leader," Bezos told the gathering of shareholders. 

Bezos first announced his departure in February as part of the Amazon's quarterly earnings report for the final quarter of 2020. He will then serve as the executive chair of Amazon's board.