The world's second-richest person Jeff Bezos has announced that he will step down as CEO of Amazon, the e-commerce and cloud services giant he founded 27 years ago. The 57-year-old will be replaced by Amazon Web Services CEO Andy Jassy in the July-September quarter. Bezos will become the Executive Chairman, where he will focus on "new products and early initiatives".
Andy Jassy, the next CEO of Amazon replacing Jeff Bezos
Andy Jassy, who will replace Jeff Bezos as Amazon CEO, currently heads Amazon Web Services (AWS). The 53-year-old joined Amazon in 1997 just days after completing his MBA at Harvard Business School. Jassy, who served as the first technical adviser to Bezos early in his career, founded AWS in 2006 and turned it into the world's biggest cloud service provider.