Amazon Founder Jeff Bezos to Step Down as CEO

Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building on Capitol Hill in Washington, on July 29, 2020. Graeme Jennings-Pool/Getty Images

NEW YORK—Jeff Bezos, who founded Amazon and turned the company into an online shopping behemoth, is stepping down as its CEO, a role he’s had for nearly 30 years.

He'll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business. Bezos, 57, will then become the company’s executive chair.