Amazon‘s (NASDAQ: AMZN) founder and CEO Jeff Bezos recently announced he would step down as CEO in the third quarter of 2021 and hand the reins over to his cloud chief Andy Jassy. Bezos will remain onboard as Amazon’s executive chairman.
The announcement initially surprised many investors, but Amazon’s stock stabilized after investors digested the news. Let’s take a look at the five main challenges Jassy will face over the next few years.
Jassy, who joined Amazon in 1997, has led Amazon Web Services (AWS) since its inception in 2003. Under his leadership, AWS became the world’s largest cloud infrastructure platform and Amazon’s most profitable business.