Jeff Bezos, Amazon’s founder, will step down as CEO

Jeff Bezos, who announced February 2, 2021 he was stepping down as CEO of Amazon, is seen in a 2018 screen shot courtesy of the U.S. Army Corps of Engineers

NEW YORK (AP) — Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he’s had since he founded the company nearly 30 years ago.

Bezos built the company from an online bookstore into a behemoth that sells just about everything.

Amazon said he’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud business.

Bezos will then become the company’s executive chairman.