Amazon CEO Jeff Bezos To Step Down, Become Executive Chairman
Amazon CEO Jeff Bezos will be stepping down from his post to become the executive chairman. Succeeding Bezos, Amazon’s cloud computing chief Andy Jassy will be the new CEO. Bezos said, “I will… have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post and my other passions.” Earlier, Amazon made over $100-billion quarterly sales for the first time.