Amazon founder and CEO Jeff Bezos stepped down as CEO and put Andy Jassy in charge
Andy Jassy ran Amazon’s cloud-computing business.
Bezos, Amazon’s biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives.
Earlier this year, Bezos said he planned to focus on new products and early initiatives being developed at Amazon.
Jeff Bezos has served as the CEO of Amazon since founding the company 27 years ago on July 5th, 1994,