Amazon begins new chapter as Jeff Bezos steps down as chief executive

He takes over the role of executive chairman, with plans to focus on new products and initiatives

Jeff Bezos. File Picture: AP Photo/John Locher

Jeff Bezos has stepped down as chief executive of Amazon, handing over the reins as the tech giant navigates the challenges of a world fighting to emerge from the coronavirus pandemic.

Andy Jassy, who ran Amazon’s cloud-computing business, replaces Mr Bezos in a change the company announced in February.