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

Amazon said that Bezos is stepping down as CEO later in the year, a role he’s had since he founded the company nearly 30 years ago. — AP

NEW YORK: Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced on Feb 2.

Bezos, 57, will be replaced in the summer by Andy Jassy, who runs Amazon’s cloud-computing business.