Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as the company's 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.
In a blog post to employees, Bezos said he plans to focus on new products and early initiatives being developed at Amazon. And he said he'll have more time for side projects: his space exploration company Blue Origin; the newspaper he owns, The Washington Post; and his charities.