BREAKING: Jeff Bezos Stepping Down as Amazon CEO

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BREAKING: Jeff Bezos Stepping Down as Amazon CEO

Andy Jassy, currently the CEO of Amazon’s cloud computing wing, will replace Bezos as CEO

Fox Business reports:

Amazon founder Jeff Bezos is stepping down as CEO of the e-commerce giant, the company said in a surprise announcement on Tuesday.

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IMAGE VIA fortune.com

Bezos will transition to a role as Amazon’s executive chairman of the board during the company’s third fiscal quarter. The company did not provide an exact date for the change.

Andy Jassy, currently the CEO of Amazon’s cloud computing wing, will replace Bezos as CEO. Bezos touted Amazon’s innovations in a statement detailing the reason for his exit.

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