Amazon CEO And Founder Jeff Bezos Is Stepping Down, But He’s Not Retiring

Amazon founder and CEO Jeff Bezos is stepping down from his role as the chief executive of the mega-corporation. He announced that he will transition to a new role as executive chair on the Board of Directors. Andy Jassy, the former CEO of Amazon Web Services and a 23-year-plus veteran, will take over as CEO of Amazon going forward.

“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,” Bezos said.

Bezos also reflected on his life and career in his email to staffers, which was also published online.

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