Jeff Bezos to step down as Amazon’s CEO

National News

FILE – In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:MARS convention in Las Vegas. Two U.N. experts this week called for the U.S. to investigate a likely hack of Bezos’ phone that could have involved Saudi Arabian Crown Prince Mohammed bin Salman. A commissioned forensic report found with “medium to high confidence” that Bezos’ phone was compromised by a video MP4 file he received from the prince in May 2018. (AP Photo/John Locher, File)

NEW YORK (AP) — Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he’s had since he founded the company nearly 30 years ago.

Amazon said he’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud business. Bezos will then become the company’s executive chairman.

Bezos founded Amazon as an online bookstore and turned it into a behemoth that sells just about everything. In the process, he became one of the world’s richest people.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Click here for full list of trending stories