Dave Limp, Amazon's senior vice president of devices and services, has been named the new CEO of Blue Origin Rocket. Jeff Bezos conveyed this leadership shift in a letter, praising Limp's capabilities. Limp assumes the position on Dec. 4.
Limp will take over the CEO role from Bob Smith, who is set to step down after six years in the position. As per CNN Business, Blue Origin believes the incoming chief is the right choice as he is "a proven innovator with a customer-first mindset."
The aerospace firm also said Limp has extensive experience in the high-tech business sector. His experience in growing highly complex organizations such as Project Kuiper, Amazon's satellite business.
The new Blue Origin CEO will start work on Dec. 4, and Smith will still be in the company by then. The outgoing executive who has led the aerospace firm's transformation from an R&D-focused business to a many-sided space business will stay until Jan. 2, 2024, to ensure a smooth leadership shift.
Jeff Bezos personally announced the appointment of Dave Limp and the exit of Bob Smith through a written letter sent to the staff of Blue Origin. CNBC obtained this missive, and part of the note reads:
"I am excited to share that Dave Limp will join Blue starting December 4th as CEO, replacing Bob, who has elected to step aside on January 2," Bezos wrote. "The overlap is purposeful to ensure a smooth transition."
The billionaire added, "I have worked closely with Dave for many years and he is the right leader at the right time for Blue. Dave joins us after almost 14 years at Amazon, where he most recently served as senior vice president of Amazon Devices and Services, leading Kuiper, Kindle, Alexa, Zoox, and many other businesses."
Photo by: Ellienore Bradley/Unsplash


Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns
Australia’s Labour Market Weakens as November Employment Drops Sharply
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 



