Amazon has announced that its American billionaire founder Jeff Bezos will step down as CEO to become chairman of the board of directors.

Next summer, Bezos will hand over the keys to the world's largest online retailer to Andy Gacy, head of Amazon Web Services, known as AWS.

Yesterday, Tuesday, this announcement resolved a long-awaited question about who will replace the world's richest person at the helm.

Bezos finished his role as CEO Big End;

The work he started as an online bookseller 27 years ago is now one of the most valuable companies in the world, earning 3 consecutive record profits after losses in previous decades.

On Tuesday, Amazon revealed quarterly sales of over $ 100 billion for the first time.

Farewell letter to employees

"As CEO, I will continue to be involved in important Amazon initiatives, but I also have the time and energy that I need to focus on projects like the Day One fund," Bezos, who has already focused on other personal organizations in recent years, said in a memo to employees posted on the Amazon website. And the Bezos Earth Fund, Blue Origin (which is the space company of Bezos), the Washington Post, and other sentiments. "

"I never had more energy before, and this is not about retirement," he added.

For his part, Chief Financial Officer Brian Olsavsky said - in a call with analysts - that Bezos will work on "big one-way issues", such as acquisitions and other strategies where there is a high cost to reverse course.

Who is the next Amazon manager?

Gacy (53 years old) joined Amazon in 1997 after completing his studies at Harvard Business School. He founded AWS and developed it into a cloud platform used by millions of customers, according to the company's website. He has been a candidate for the top job since Amazon created two major jobs years ago. Two executives follow Bezos directly.

Tom Johnson, chief transformation officer at global marketing firm Mindshare, believes that Gacy's nomination underscored the importance of the web hosting business to Amazon's strategy. “Gacy's background in directing AWS shows how important these services are to Amazon's business strategy. Find out how this affects their strategy and strike a balance between this priority with the growth of an advertising business and a giant business.

Jacy is known for his nuanced understanding of technical details, and he regularly monitors rivals in this market from "Oracle" and its cloud competitor "Microsoft" (Microsoft) which AWS continues to outpace in sales.

Under his leadership, the Amazon cloud business has acquired major clients including Verizon, McDonald's, and Honeywell.

Silicon Valley startups have long relied on AWS, and the division's annual revenue has grown by 37% in 2019 and 30% in 2020, helping to cement its position as a market leader.

One of the contracts AWS failed to win was the $ 10 billion JEDI project from the Pentagon, which was awarded to Microsoft.

Gacy sought to give rock stars an aura of keynote speeches at AWS's annual Las Vegas convention, speaking to more than 60,000 people in 2019 after the cheerful music preceded his speech.

Jacy is known for his great understanding of technical details and has regularly monitored his competitors in this market (social media)

Reduced spending on coverage

Net sales of Amazon rose to $ 125.6 billion as consumers turned into the world's largest online retailer for holiday shopping, beating analyst estimates of $ 119.7 billion, according to IBES data from Refinitiv. Amazon shares rose less than 1% in post-close trade.

Meanwhile, e-commerce on Amazon has never been this big.

Since the beginning of the Coronavirus outbreak in the United States, consumers have turned to Amazon to deliver basic commodities and medical supplies.

While brick stores closed their doors, Amazon hired more than 400,000 additional workers to keep up with demand.

This has put the Seattle-based company at the center of the workplace unrest;

More than 19,000 workers were infected with the Coronavirus, and some employees protested and demanded the facility be closed.

Others, in the Amazon Warehouse, Besimer, Alabama, are seeking to be the first to join a union in the company in the United States, as elections begin next week.

Net sales for the current quarter are expected to range between $ 100 billion and $ 106 billion.