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Bezos to step down FILE PHOTO: Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon's Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. REUTERS/Lindsey Wasson/File Photo
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Amazon CEO Jeff Bezos to step down on July 5

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Headshot of <span class="author-name text-name1"><a href="https://san.com/about/team/ben-burke/">Ben Burke</a></span>
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By Ben Burke (Producer)

Amazon founder Jeff Bezos has picked a date to step down as CEO. Andy Jassy will take over the CEO role on July 5.

Bezos said the date is sentimental because it will mark 27 years since the company was incorporated.

Amazon announced Bezos’ departure from his CEO role back in February.

After he steps down, he will become executive chair at Amazon. In that position, he will focus on new products and initiatives.

The announcement comes on the same day Amazon announced it had bought MGM for $8.45 billion.

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