We all were doing our thing, selling products and operating our businesses on Amazon, and suddenly the owner of Amazon dropped a bombshell by announcing about his resignation! * Jaw drops* Let’s be honest, Jeff Bezos’ resignation came as a bolt from the blue, but that means nothing! Amazon sellers should work just like they were used to, nothing changes, well at least on the selling level! But why on earth did the owner of the world’s biggest eCommerce platform decide to resign? Let’s find out!
The owner of Amazon whose net worth is $185.7 billion, decided to resign and find himself in other life-changing projects. In his letter to “Amazonians,” Bezos says:
“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. 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.”
As you can see, Andy Jassy will be the new CEO of world’s largest eCommerce platform that generates too money to be true! Why Bezos chose this person among others? We don’t know, but we have a lifetime to understand his strong and weak sides! As we can see, Bezos is full of passion and energy, and is ready to turn the world upside down, again! It worked the last time, and it will work this time too! In his letter, Bezos recalls the moments when he was forced to explain what the internet is, and now, his eCommerce platform, with the help of the same internet, has grown to unbelievable heights!
But why did he leave? You can find the answer in his letter that has been spread all over the internet in a couple of minutes! As Bezos himself says:
“I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”
How We See Amazon’s Future
Even though we know nothing about the discussions happening in the corridors of power, there’s one thing that we know for sure: Amazon will continue its mission, and will always remain one of the most influential and powerful eCommerce marketplaces of the world! The way we see it, it will be the same, even if its leader is not the “original” Jeff anymore!
This is why we will continue our journey by expanding our Amazon-related services! Nothing changes, just like we said! We will still manage Amazon accounts, negotiate and cooperate with different suppliers, source products and even find investors! We are not ready to stop, no one is! And besides, Amazon still has some new tricks, so be prepared for news and surprises!
“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.”
Bezos is happy to be where he is now, and we should also follow his example. Let’s start our work, and prove that we will succeed, even with another CEO!
Full Version of The Letter
Fellow Amazonians:
I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. 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.
This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while.
Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.
How did that happen? Invention. Invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.
I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be.
As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well.
I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team.
As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. 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. I’m super passionate about the impact I think these organizations can have.
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. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it.
Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1.
Jeff
