Jeff Bezos to leave Amazon on July 5

“We chose this date because of its sentimental aspect for me,” Bezos explained on Wednesday. (Photo: John Locher for The Canadian Press)

Amazon founder Jeff Bezos has picked a date to step down as CEO of the online retailer.

Bezos, who turned his original online bookstore project into an internet shopping giant, said Wednesday that Andy Jassy, ​​another Amazon executive, will take the job from July 5.

“We chose this date because of its sentimental aspect for me”, explained Wednesday Mr. Bezos, during a meeting of the shareholders of Amazon. It is indeed on this precise date in 1994, that is to say 27 years ago, that Amazon was incorporated.

Seattle-based said Bezos was stepping down as chief executive in February, but failed to provide a specific date. Mr. Jassy, ​​his successor, currently heads the company’s cloud computing operations.

The 57-year-old Bezos, with a personal fortune of US $ 167 billion, won’t get very far, however. He will become executive chairman of Amazon and focus on new products and initiatives. He also plans to focus on his other businesses, such as his rocket company, Blue Origin, and his newspaper, “The Washington Post”.

Amazon also announced on Wednesday that it would acquire famous Hollywood studio MGM for US $ 8.45 billion in the hopes of adding titles to its Amazon Prime Video streaming platform.

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