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Jeff Bezos to step down as Amazon CEO; read his letter to 1.3 million employees Though he'll remain the executive chairman of Amazon.com, he wants to focus his time and energy on his other projects like the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and his other passions BusinessToday.In | February 3, 2021 | Updated 09:52 IST Amazon founder and chief executive officer Jeff Bezos In a major development, Amazon founder and chief executive officer Jeff Bezos on Tuesday announced he's stepping down from the global e-commerce giant to focus on his other passions. Though...

Amazon CEO Jeff Bezos is stepping down from the company he founded.

E-commerce giant Amazon founder, Jeff Bezos, would leave his chief executive post this year, transferring the spot to Andy Jassy, the company's cloud computing chief. The recent shift in the firm was announced on Tuesday. Jeff Bezos will then transition to executive chairman of Amazon's board. The founder of the world's biggest online retailer turned around the fate of the company, which started as a one-time online bookstore. The company had kept its succession plans quiet. But according to a CNBC report, onlookers thought it was either Jassy or Jeff Wilke who would be Bezos' eventual succes...

Bezos will transition to the role of executive chair.

Bezos will transition to the role of executive chair.