Amazon mentioned Tuesday that Jeff Bezos is stepping down as CEO later this yr, a task he is had since he based the corporate almost 30 years in the past.
Amazon mentioned he’ll get replaced within the fall by Andy Jassy, who runs Amazon’s cloud enterprise. Bezos will then turn out to be the corporate’s government chairman.
Bezos based Amazon as a web based bookstore and turned it right into a behemoth that sells nearly the whole lot. Within the course of, he grew to become one of many world’s richest individuals.
Extra to return.