Amazon founder and current CEO Jeff Bezos will be transitioning to executive chair of the company later this year, with current AWS CEO Andy Jassy taking over the top executive role at the commerce company.
Amazon announced the news alongside its earnings results on Tuesday.
Bezos has been Amazon’s CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7 trillion global retail and logistics behemoth, which has also made Bezos into one of the world’s richest people.
Andy Jassy has worked for Amazon since 1997 and currently serves as CEO of the company’s cloud business, Amazon Web Services, its biggest profit driver.
Ariana Grande is being sued for copyright infringements along with more than a half-dozen other songwriters. The lawsuit has...
Wiz Khalifa has been arrested in Romania and charged with illegal drug possession. According to reports from French news...
Nollywood actress, Nkechi Blessing, has appealed to lawmakers at the two chambers of the National Assembly to ensure the...