Jeff Bezos to step down as CEO of Amazon

National & World

FILE – In this June 6, 2019 file photo, Amazon CEO Jeff Bezos speaks at the the Amazon re:MARS convention, in Las Vegas. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday, May 26, 2021, that Amazon executive Andy Jassy will take over the CEO role on July 5. (AP Photo/John Locher)

BATON ROUGE, La (BRPROUD)- Jeff Bezos said Tuesday that he will step down as chief executive of Amazon, leaving the helm of the company he founded 27 years ago, NBC news reports.

Bezos will transition to the role of executive chair in the third quarter of this year, which starts July 1, the company said.

Andy Jassy, the chief executive of Amazon Web Services, will take over as CEO of Amazon.

In a memo to employees, Bezos said the transition will give him “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.”

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