Jeff Bezos to step down as Amazon CEO.

The Chief Executive Officer and Founder, Amazon, Jeff Bezos is expected to step down from his role by the third quarter of 2021.

This was disclosed by Amazon in a statement according to Forbes on Tuesday

Bezos, 57, will become an Executive Chair and is expected to be replaced by Amazon’s Cloud Computing Division CEO, Andy Jassy, Amazon said.

Bezos stated, “Right now, I see Amazon at its most inventive ever, making it an optimal time for this transition. As the Executive Chairman, he said, he intends “to focus my energies and attention on new products and early initiatives.”

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