Mr. Bezos has personified the company since he founded it as an online bookseller in 1996, growing it into a $1.7 trillion behemoth with more than 1.2 million workers. Under his leadership, Amazon expanded into sales of millions of different items, became a logistics giant, upended the retail industry — and then spread further into cloud computing, streaming entertainment and artificial-intelligence-powered devices.
…Andy Jassy, the chief of Amazon’s cloud computing division, will become chief executive, while Mr. Bezos, the company’s founder, will become executive chairman.
Jeff Bezos, Amazon’s founder and chief executive, said on Tuesday that he will hand over the reins of the e-commerce giant this summer and transition into the role of executive chairman, in a changing of the guard for one of the internet’s foundational companies.
Andy Jassy, the chief executive of Amazon’s cloud computing division, will be promoted to run the entire company,Amazon said. The transition will be effective in the third quarter, which starts in July.
“As much as I still tap dance into the office, I’m excited about this transition,” Mr. Bezos, 57, said in an email sent to employees. As executive chairman, he said, he intends “to focus my energies and attention on new products and early initiatives.”
The move marks the end…
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The Most Revolutionary Act 