Bezos’ Exit Is One of Many Among Amazon’s Top Ranks

“Intel, Microsoft, Oracle — you see this pattern,” he mentioned.

Even earlier than a founder leaves, executives sense a enterprise is approaching a brand new period, he mentioned.

“People get the idea that Jeff is going to be transitioning, and that leads people to start thinking about other options,” he mentioned, including that as firms get giant, executives can usually discover much less paperwork and extra monetary upside in the event that they go away.

“We’ve had and continue to have remarkable retention and continuity of leadership at the company,” mentioned Chris Oster, an Amazon spokesman. The common tenure is 10 years for vice presidents and greater than 17 for senior vice presidents, he added.

Mr. Bezos lengthy performed up the longevity of deputies. At a discussion board in 2017, an worker requested him concerning the lack of range on his senior staff, often known as the S-Team, which was nearly solely white and male, and Mr. Bezos mentioned it was a profit that his prime deputies had been by his aspect for years.

Any transition on the staff, he mentioned, would “happen very incrementally over a long period of time.”

In current years, Mr. Bezos has stepped again from a lot of Amazon’s day-to-day enterprise, focusing as a substitute on strategic initiatives and outdoors ventures, like his area start-up, Blue Origin, giving his deputies much more autonomy.

Mr. Bezos, 57, re-engaged on day-to-day issues early within the pandemic. But in February, he introduced that he deliberate to step down from working Amazon and would turn out to be government chairman of the corporate’s board. On July 20, he’s scheduled to fly aboard the primary manned spaceflight of his rocket firm.

Mr. Bezos’ handoff got here not lengthy after Mr. Wilke, lengthy seen as a possible successor, introduced his departure.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *