World richest man Jeff Bezos steps down as Amazon CEO


World richest man Jeff Bezos

Amazon founder- Jeff Bezos will on Monday hand over his title as the CEO of Amazon to Andy Jassy ending a more than two-decade run leading the company through its evolution from online bookseller to $1.75 trillion global retail, logistics and internet behemoth.

The company made a statement in February that Bezos would transition from CEO to executive chair, saying he wanted to spend more time on his other ventures, including the Washington Post, space company blue origin and philanthropy.

New Amazon CEO- Andy Jassy

But even as he steps back into a less public role at the company, Bezos will still have tremendous influence at Amazon for years to come, by virtue of being its largest individual shareholder, a longtime mentor to the incoming CEO and his role heading the board.

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