Friday, Mar 05, 2021
Focus on the big picture

Amazon’s Jeff Bezos to step down as CEO later this year

Al Jazeera, 03 Feb 2021 Inc has announced that longtime CEO Jeff Bezos will step down from his post later this year, transitioning to executive chairman of the world’s largest online retailer.

In a statement on Tuesday, the company said Bezos will be replaced by Andy Jassy, who currently runs Amazon’s cloud business.

Bezos founded Amazon as an online bookstore 27 years ago and turned it into a behemoth that sells just about everything.

In the process, he became one of the world’s richest people, with Forbes estimating his current net worth at more than $196.2bn.

Al Jazeera's Zein Basravi has more.

- Subscribe to our channel:
- Follow us on Twitter:
- Find us on Facebook:
- Check our website:

#AlJazeeraEnglish #Amazon
Related Articles