Jeff Bezos Is Stepping Down as Amazon CEO - Find Out Who Is Becoming the New CEO!

Jeff Bezos is stepping down.

The founder of Amazon revealed he will be stepping down as CEO in the third quarter of 2021, taking on a new role as executive chair, Variety reported Tuesday (February 2).

PHOTOS: Check out the latest pics of Jeff Bezos

Andy Jassy, who is currently CEO of Amazon Web Services (AWS), will become Amazon.com’s CEO at that point.

“Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” Jeff said of his company in a statement.

“If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”

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