Bezos steps down as CEO
Jeff Bezos is stepping down as the CEO of Amazon, 27 years after founding it with his ex-wife and building it into one of the most successful companies of all time now worth $1.7 trillion. He will be replaced by 53-year-old Andy Jassy, the current CEO of the Amazon empire cloud business Amazon Web Services.
Bezos, 57, announced the move in an email to his 1.3 million Amazon employees Tuesday where he insisted he isn't retiring but wants to focus on his "passions", including his space and climate change ventures.
Bezos will move to the role of Executive Chair, where he says he wants to focus on "new products and initiatives".
The move will not happen until the third quarter of this year.