Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year
Amazon CEO Jeff Bezos is stepping down from the role of CEO, and will transition over to a new position at the company as Executive Chair of the Amazon Board in Q3. Replacing him as Amazon’s new CEO will be Andy Jassy, who currently serves as CEO of Amazon Web Services (AWS).
“Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else,” commented Bezos in a email announcing the change. “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”