Amazon Founder Jeff Bezos To Step Down As CEO Of E-Commerce Giant, To Be Replaced By AWS Chief Andy Jassy Amazon CEO Jeff Bezos (David McNew/Getty Images) In a significant development, Amazon CEO Jeff Bezos has announced to step down as CEO and a transition to a new position as executive chair of the Amazon board in the third quarter this year. The development comes as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. Andy Jassy, who is the CEO of the company's profit-making Cloud arm Amazon Web Services (AWS), will replace Bezos.