{"id":40926,"date":"2021-02-03T16:04:55","date_gmt":"2021-02-03T12:04:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40926"},"modified":"2021-02-03T16:04:58","modified_gmt":"2021-02-03T12:04:58","slug":"jeff-bezos-steps-down-as-ceo-of-amazon-naming-andy-gacy-as-his-successor","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/jeff-bezos-steps-down-as-ceo-of-amazon-naming-andy-gacy-as-his-successor\/02\/03\/market-updates\/","title":{"rendered":"Jeff Bezos Steps Down as CEO of Amazon, Naming Andy Gacy as His Successor"},"content":{"rendered":"\n<p>Amazon announced Tuesday that Jeff Bezos, the CEO, will step down later this year, turning the helm over to Andy Gacy, the company&#8217;s cloud chief executive.<\/p>\n\n\n\n<p>Bezos will move to take over the position of CEO of the Amazon Board of Directors.<\/p>\n\n\n\n<p>Bezos founded Amazon in 1994 and has since transformed its one-time online bookstore into a massive retailer with global reach in a plethora of different categories from gadgets to grocery to live streaming.<\/p>\n\n\n\n<p>Under Bezos&#8217;s leadership, Amazon surpassed the $1 trillion market cap in January last year &#8211; now worth more than $1.6 trillion.<\/p>\n\n\n\n<p>The company kept succession plans quiet, although onlookers speculated that Gacy would be his successor. Jassy joined Amazon in 1997 and has led Amazon&#8217;s cloud web services team since its inception.<\/p>\n\n\n\n<p>The news came along with the earnings report in which Amazon posted its first quarter of $100 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon announced Tuesday that Jeff Bezos, the CEO, will step down later this year, turning the helm over to Andy Gacy, the company&#8217;s cloud chief executive. Bezos will move to take over the position of CEO of the Amazon Board of Directors. Bezos founded Amazon in 1994 and has since transformed its one-time online bookstore &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6933,6862],"class_list":["post-40926","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-amazon","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40926"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40926\/revisions"}],"predecessor-version":[{"id":40927,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40926\/revisions\/40927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30911"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}