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Jeff Bezos stepping down as Amazon CEO, will become executive chairman

Jeff Bezos, left, will step down as CEO of Amazon. Andy Jassy, chief executive officer of web services at Amazon.com Inc., right, to take over. (Getty Images)

Andy Jassy, currently the CEO of Amazon’s cloud computing wing, will replace Bezos as CEO

By Thomas Barrabi

FOXBusiness

Third-party sellers are the ‘life’s blood’ of what makes Amazon work: ‘The Amazon Jungle’ author
‘The Amazon Jungle’ author Jason Boyce provides insight into the perils of selling products on Amazon, explaining that third-party sellers are dependent upon the company and cannot complain.

Amazon founder Jeff Bezos is stepping down as CEO of the e-commerce giant, the company said in a surprise announcement on Tuesday.

Bezos will transition to a role as Amazon’s executive chairman of the board during the company’s third fiscal quarter. The company did not provide an exact date for the change.

Andy Jassy…

Click the link below to read the rest of this story.

https://www.foxbusiness.com/markets/jeff-bezos-stepping-down-as-amazon-ceo-will-become-executive-chairman

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