Jeff Bezos To Step Down As Amazon's CEO

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Amazon founder Jeff Bezos will step down as the company’s chief executive officer this summer.

Bezos will become Amazon’s executive chairman and remain its biggest shareholder. But he will hand over the CEO reins to Andy Jassy, the head of Amazon’s cash cow cloud computing division.

Jassy has been at Amazon for much of its existence as the company grew from an online bookseller to a behemoth worth $1.7 trillion, employing over 1.3 million people, with physical stores and delivery trucks, movies and Internet-connected cameras, a cloud business that props…

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