Jeff Bezos to step down as Amazon CEO

Major news in the business world and the entire world in general. Jeff Bezos said Tuesday that he will soon step down as CEO of Amazon, which he founded 27 years ago.

Bezos will transition to an executive chair role in the third quarter of this year, and Andy Jassy, the chief executive of Amazon Web Services, will take his place.

Here’s a quick look at Bezos’ run:

“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos said in a letter to Amazon employees. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”

Big picture: Amazon is still going to take over the world.

Written by Bobby Burack

Bobby Burack covers media, politics, and sports at OutKick.

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