Jeff Bezos Will Step Down <br />as Amazon CEO.<br />Amazon founder Jeff Bezos announced the <br />transition in a letter to employees.<br />Amazon Web Services (AWS) <br />CEO Andy Jassy will take over <br />as Amazon CEO beginning <br />in the third quarter of this year.<br />I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO, Jeff Bezos, Letter to Employees, via CNBC.<br />Jeff Bezos will remain in the company <br />as executive chair of Amazon's board.<br />I intend to focus my energies and attention on new products and <br />early initiatives, Jeff Bezos, Letter to Employees, via CNBC.<br />The news sent shockwaves across Wall Street, <br />with a 1.5 percent drop in Amazon shares.<br />Bezos founded <br />Amazon in 1994.<br />The company is now one of only six <br />in the world to be worth more than $1 trillion.<br />Bezos' net worth is an estimated $182 billion. <br />He is the second richest person in the world.<br />Jassy has been with Amazon since 1997, <br />leading the cloud team since its beginning
