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Jeff Bezos To Step Down As Amazon CEO Later This Year

Jeff Bezos recently announced that he will be stepping down from his chief executive position in one of the world’s most valuable company, Amazon. As the Amazon founder, he will be transitioning to the role of executive chair in the third quarter and handing over his current position to Andy Jassy who currently heads Amazon Web Services.

Bezos mentioned in a letter to Amazon employees that he will “stay engaged in important Amazon initiatives” and “I’ve never had more energy, and this isn’t about retiring.” I guess this won’t be the end of the line for one of the richest people in the world.

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