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Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm
Business

Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm

The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced. According to the February 2 announcement, Bezos will be replaced by Andy Jassy. Bezos has been Amazon's CEO since its founding in 1995 and grew the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight. His replacement, Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services.. Bezos said in a letter to employees Tuesday that he is excited to take the next step. "Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention...

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