In a note to staff, Bezos said he will still oversee Amazon's continuing progress while focusing on things including his rocket biz Blue Origin and newspaper The Washington Post:More details The Registere. Amazon has a stock market capitalization of $1.7 trillion. The tweet below gives a very interesting overview of Amazon's revenue growth since 1997. Last year was a massive windfall for Amazon, with revenue blasting $105 billion higher than the year before. The growth posted in 2020 is almost as much as the total amount of sales Amazon generated just five years ago.
In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.
Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else. 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.
Amazon couldn’t be better positioned for the future. We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish.
Amazon Revenue (Billions)...— Charlie Bilello (@charliebilello) February 2, 2021