Amazon CEO Jeff Bezos will step down this year and company’s top cloud executive , Andy Jassy will be announced as the new CEO of Amazon.
Jeff Bezos , 57 years old, founded Amazon in 1994 and after they started the online store of groceries and every other category the company has seen tremendous profits.
Jassy joined Amazon in 1997 and led Amazon’s web services cloud team. AWS was the main stream of profits for Amazon.
Amazon’s financial officer, Brain Olsavsky told the media that the decision was taken after consulting with Amazon’s board of directors. He said Bezos will be one of the directors and will be involved in many other works as well.