Jeff Bezos to resign as Amazon CEO after 27 years

The world’s second-richest person Jeff Bezos has announced that he will step down as CEO of Amazon, the e-commerce and cloud services giant he founded 27 years ago. The 57-year-old will be replaced by Amazon Web Services CEO Andy Jassy in the July-September quarter. Bezos will become the Executive Chairman, where he will focus on new products and early initiatives.