Amazon CEO Jeff Bezos has resigned from his post. He will step down by the end of this year. Bezos wrote a letter to his employees informing them of the decision. In a letter written on Tuesday, he has stated that he is leaving the role of chief executive officer in the company. He has been replaced by Andy Jessie as CEO. Jeff Bezos wrote in the letter, I am excited to announce that I will play the role of Amazon Executive Chairman and Andy Jessie will be the new CEO of the company. Jessie is currently the head of Amazon Web Services. Bezos made the announcement at a time when Amazon released financial results for its fourth quarter ended December 31, 2020. The company made $ 100 billion in sales in the last three months of 2020. He further wrote in the letter, I will focus on new products with all my energy in this new role. I have full confidence in Andy Jessie that he will prove to be an outstanding leader.
Tag: CEO
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PM Narendra Modi to meet 20 top global fund houses
From top Japanese and Australian funds to those from Europe and the US, Prime Minister Narendra Modi will sell the India story to 20 global giants, with combined assets of $6 trillion, and pitch for longter m investments.
The PM is scheduled to hold a round table with the CEOs and chief investment officers of top fund houses — ranging from Australian Super and Future Fund to Japan Post Bank and Ontario Pension — on Thursday. He will then have one-on-one interactions with them over the coming two weeks or so as he seeks to get international investors to fund some of the marquee projects in the country.In an interview on Monday, finance minister Nirmala Sitharaman had told TOI that the National Investment Pipeline, where 7,000 projects have been identified and detailed, will provide the basis for investment by these funds. The stage is set for them to simply identify and invest, she had indicated.