Amazon’s new CEO revealed

Amazon founder Jeff Bezos on July 5 will hand over his chief executive title to Andy Jassy, ending a more than two-decade run leading the company through its evolution from an online bookseller to $1.75 trillion global retail, logistics, and internet behemoth, Report informs referring to CNN.

In February, the company announced that Bezos would transition from CEO to an executive chair, saying he wanted to spend more time on his other ventures, including the Washington Post, space company Blue Origin and philanthropy.

Bezos tops the Forbes list of the world’s wealthiest businessmen with a fortune of $177 billion.