Amazon founder Bezos to step down as CEO

New York, May 27

Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said on Wednesday Amazon executive Andy Jassy will take over the CEO’s role on July 5.

“We chose that date because it’s sentimental for me,” Bezos said during a shareholder meet on Wednesday. He explained it was on July 5, 1994 that Amazon was incorporated.

Based in Seattle, Amazon announced that Bezos was stepping down as CEO in February, but didn’t provide a specific date. Jassy, his replacement, currently runs the company’s cloud computing business. — AP

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