Jeff Bezos to Formally Step Down as Amazon CEO on July 5, Andy Jassy to Take Over

Jeff Bezos will formally step down as Amazon CEO on July 5, he announced Wednesday at the company's annual shareholder meeting. Andy Jassy, Amazon's cloud-computing boss, will take over Bezos' role. Once he steps down, Bezos will transition to executive chairman of Amazon's board. Amazon CEO Jeff Bezos will step...