Jeff Bezos to step down from Amazon

  • Amazon founder Jeff Bezos announced that he’ll step down as the online retailer major’s CEO in late 2021. 
  • Bezos will now take over as Amazon’s executive chairman.
  • He will also continue to be Amazon's biggest shareholder.
  • Bezos is focusing on the longer-term projects at the company, including his rocket venture Blue Origin.
  • Bezos will hand over the CEO reins to Andy Jassy.
  • Andy Jassy is the head of Amazon’s cash-cow cloud computing division. 
AMAZON
  • Founded: 5 July 1994.
  • Headquarters: Seattle, Washington, United States.

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