Jeff Bezos' Amazon CEO Exit Catches Wall Street By Surprise
Reading now: 815
hollywoodreporter.comAmazon boss Jeff Bezos' decision to leave his CEO role later this year caught Wall Street by surprise on Feb. 2, but several analysts sharing their thoughts on the elevation of Andy Jassy to CEO expressed confidence in the promotion. "The timing of the departure of founder and CEO Bezos, who will become Amazon's executive chairman in the third quarter, was both a big surprise, but also a fitting ending to his incredible run as CEO, as he exits running the day-to-day operations of Amazon in record-setting fashion," Cowen analyst John Blackledge wrote in a report.
Addressing Jassy, he said: "We are encouraged by the choice and believe Jassy, a highly respected Amazon vet since '97, will be an effective leader." Other analysts echoed that.
Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
