The promotion signifies the company’s future is rooted in its web services, with competition from tech giants Microsoft and Google
Amazon on Tuesday said its billionaire founder Jeff Bezos would step down as chief executive officer and become executive chairman after nearly 30 years at the company.
The transition will promote current cloud computing head Andy Jassy to the next chief executive of the company, as Bezos hands over the reins for the first time since he founded Amazon and oversaw its evolution from small online bookstore ubiquitous retail juggernaut.
