Amazon’s Jeff Bezos will step down as the company’s CEO in the third quarter of 2021, handing the position to Andrew Jassy as he transitions to serve as executive chair of the e-commerce giant’s board.
“I’m excited to announce that this Q3 I’ll transition to executive chair of the Amazon board and Andy Jassy will become CEO,” Bezos announced in a statement on Tuesday, adding that in his role as executive chair, he will focus his energies on “new products and early initiatives.”
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