Jeff Bezos taps former Amazon Alexa head to lead $10 billion Earth fund

Core Insights - Jeff Bezos is appointing Tom Taylor, a veteran Amazon executive, as the new president and CEO of the Bezos Earth Fund, which has a capital of $10 billion dedicated to climate and biodiversity initiatives [1][2] - The Bezos Earth Fund was launched in 2020 with the goal of combating climate change by providing grants to various organizations and aims to distribute all its capital by 2030 [3][4] Leadership Transition - Tom Taylor, who previously led Amazon's Alexa division and has over 23 years of experience at Amazon, will replace Andrew Steer, who stepped down in February [2][4] - Taylor expressed enthusiasm for leading the fund, emphasizing a commitment to innovative solutions for environmental challenges [3] Fund Activities - The Bezos Earth Fund has already distributed $2.3 billion in grants to support environmental efforts [4] - Since stepping down as CEO of Amazon in 2021, Bezos has increased his involvement with the fund and has donated Amazon shares to it [4]