The CEO of Amazon is stepping down after twenty-eight years at the head of the online retail company.
Amazon CEO Jeff Bezos will step down from his role as the company’s top boss and transition to the role of executive chairman in the third quarter of 2021.
While Amazon is reaping huge profits from consumers, it is facing increased scrutiny over the power it has over the retailers that use Amazon as an online storefront.
Current Amazon Web Services chief executive Andy Jassy will be replacing Bezo as the new CEO