Google’s Sundar Pichai reacts to Jeff Bezos’ decision to step down as Amazon CEO

Google’s Sundar Pichai reacts to Jeff Bezos’ decision to step down as Amazon CEO

Google Chief Officer Sundar Pichai congratulated Jeff Bezos over his decision to step down as Amazon CEO

Google Chief Executive Officer Sundar Pichai congratulated Amazon CEO Jeff Bezos after he announced that he will be handing over the role to Andy Jassy in the third quarter. Jassy who heads the Amazon Web Services (AWS) founded the online services in 2003, which has become one of the most profitable businesses for the online platform.

Jeff Bezos on Tuesday announced that he will be stepping down from his position and will become executive chairman later this year. Bezos, who founded Amazon way back in 1994, has grown the online business, which recently posted quarter results breaching the 100-billion dollar mark.

In his letter to the Amazon employees, he said, “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.”

Amazon reported the holiday quarter results with profits of $7.2 billion and its revenue jumping to $125.6 billion, up more than 40 percent driven by pandemic led online sales.

Bezos reportedly plans to invest more in his philanthropic ventures like Day 1 and Earth Fund, to which Sundar Pichai congratulated the head of internet giant Amazon. In a tweet, he said, “Congrats Jeff Bezos, best wishes for Day 1 and Earth fund. Congrats Andy Jassy on your new role!.”

Microsoft CEO Satya Nadella, also joined in to congratulate Andy Jassy on his accomplishment calling it a “well-deserved recognition”.

Amazon’s market value is close to $ 1.7 trillion dollars, has been steered by Bezos since its inception in the 90’s. Bezos currently holds an 11 percent stake in the company, which roughly translates to $120 billion dollars. Meanwhile, according to Forbes Bezos’ net worth currently stands at $ 196.4 billion.

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