Tech giant Amazon says Jeff Bezos is stepping down as chief executive officer later this year, a role he has had since he founded the company more than 25 years ago.
Amazon says he will be replaced by Andy Jassy, who runs Amazon’s cloud business.
Mr Bezos will then become the company’s executive chairman in the third quarter of 2021.
Mr Bezos founded Amazon as an online bookstore and turned it into a behemoth that sells just about everything.
In the process, he became one of the world’s richest people.
-with agencies