Serving as Chairman and Chairperson of the Board
[Asia Economy Reporter Yujin Cho] Jeff Bezos, the founder and CEO of Amazon, is stepping down from his CEO position, according to reports by The Wall Street Journal (WSJ) and others on the 2nd (local time).
Bezos will retain his position as chairman and will serve as the chairman of the board starting from the third quarter of this year.
Bezos's successor will be Andy Jassy, the CEO of Amazon Web Services (AWS), the cloud computing service division. CEO Jassy joined Amazon in 1997 and has led the AWS team.
AWS is Amazon's core business and, along with Microsoft (MS), dominates this market.
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