Bezos to leave Amazon CEO role

Founder Jeff Bezos will step down as CEO of Amazon later this year, the e-commerce giant announced on Tuesday. Andy Jassy, ​​head of Amazon Web Services, will take over the top title.

The company announced ahead of a profit call that Bezos “will move to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.”

Bezos was scrutinized in Washington while running one of the most powerful and profitable corporations in the world and long held the title of richest man in the world.

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