Jeff Bezos’ exit won’t alter Amazon India plans

Bengaluru: Amazon founder Jeff Bezos, under whose leadership the e-commerce behemoth identified India as a strategic market as early as 2013 and has committed to invest $6.5 billion so far to grow its business here, will step down as chief executive in the third quarter of this year.

Amazon veteran Andy Jassy, who has been instrumental in building and turning its cloud services division into a profit engine, will succeed Bezos as CEO. The leadership change, though surprising, is not expected to alter Amazon’s view of the Indian market in any way, experts and some of its top managers in India said.