Jeff Bezos Officially Steps Down as Amazon CEO

FILE – In this Sept. 19, 2019, file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington. After a union battle at an Alabama warehouse, Bezos vowed Thursday, April 15, 2021 to focus on making Amazon a better and safer place to work. (AP Photo/Pablo Martinez Monsivais, File)

Amazon founder Jeff Bezos has officially stepped down as CEO of the company he started out of his Seattle garage in 1995. Andy Jassy, the head of Amazon’s cloud-computing business, is replacing him.

The company announced the change in February. Bezos takes over the role of executive chair, with plans to focus on new products and initiatives.

Jassy inherits the helm of a $1.7 trillion company that benefited greatly from the pandemic. But he does face challenges, including growing calls for tighter regulation on tech giants.

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