Bezos will switch from the CEO spot to Amazon’s executive chairmanship in Q3 of this year, he told his “fellow Amazonians” in a staff email posted on Amazon’s website. Bezos’ replacement as CEO will be Andy Jassy, a key player in Amazon Web Services, the company’s cloud-computing division.
“This journey began some 27 years ago,” Bezos wrote. “Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, ‘What’s the Internet?’ Blessedly, I haven’t had to explain that in a long while.”