World Business
[Newsmaker] Jeff Bezos, Amazon's founder, will step down as CEO
Feb. 3, 2021
NEW YORK (AP) -- Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he's had for nearly 30 years, to become executive chairman, the company announced Tuesday. Bezos, 57, will be replaced in the summer by Andy Jassy, who runs Amazon's cloud-computing business. In a blog post to employees, Bezos said he planned to focus on new products and early initiatives being developed at Amazon. He