Jeff Bezos to step down as Amazon CEO
Amazon founder Jeff BezosImage from Twitter

Jeff Bezos to step down as Amazon CEO

Amazon founder Jeff Bezos will step down as the company's chief executive officer this summer and hand over the CEO reins to Andy Jassy, the head of Amazon's Web Services.

WASHINGTON:

Amazon founder Jeff Bezos will step down as the company's chief executive officer this summer and hand over the CEO reins to Andy Jassy, who runs Amazon's cloud-computing business.

"As much as I still tap dance into the office, I'm excited about this transition," Bezos said in a letter to employees, announcing the end of his 27-year run.

Bezos will become Amazon's executive chairman and remain its biggest shareholder, the company said on Tuesday.

(Edited by Ladiangti Rani)

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