Calling the date "sentimental," Bezos noted during the company's annual shareholder meeting Wednesday that July 5, 1994, is the date that Amazon.com 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 firstas 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.