Amazon founder Jeff Bezos on Wednesday led his last shareholder meeting as CEO, announcing the date on which he'll pass the reins to his replacement while highlighting challenges going forward and pushing back against claims that Amazon has become too big and powerful.
Bezos, the second-richest person in the world after French luxury fashion magnate Bernard Arnault, said that Amazon executive Andy Jassy will take over as CEO on July 5. The date was chosen for the “sentimental” reason that it marks 27 years to the day when Bezos founded the e-commerce giant, he said. After stepping down, Bezos will become executive chairman at Amazon, a role that will involve a focus on new products and initiatives.
