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Jeff Bezos to Step Down as Amazon CEO, Andy Jassy to Take Over

Amazon founder Jeff Bezos said Tuesday he would stand aside later this year as chief executive of the company he built from a startup into one of the world's most valuable firms.The world's richest person based on his Amazon stake, Bezos said he will transition to the role of executive chair in the third quarter, handing over the CEO role to Andy Jassy, who heads Amazon Web Services.The news came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion, (roughly Rs. 52,540 crores) and revenue jumping 44 percent to $125.6 billion (roughly Rs. 9,16,600 crores) - as pandemic lockdowns caused online sales to explode around the globe.In a letter to Amazon employees, Bezos said he would "stay engaged in important Amazon initiatives" but would pivot towards p

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