Bezos said the date is "sentimental" for him as it marks the 27th anniversary of
The news comes as
Bezos initially announced his plans to step down in February after expanding the online bookseller into a massive online retail platform over the decades as the company surpassed a market value of
While Bezos predicted Jassy will not find the CEO role easy, he said he expects him to uphold the company's vision.
"He has the highest of standards and I guarantee Andy will never let the universe make us typical," Bezos said. "He has the energy needed to keep alive in us what has made us special."
Wednesday's meeting also featured testimony from
They also introduced proposals urging
The proposals and nine others failed to garner a majority of votes despite receiving support from shareholder-advisory firms.
Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source