Amazon CEO Jeff Bezos is stepping down this year to become "executive chairman."

The 57-year-old, founder of Amazon, said it was high time he made the move, which will take place in the third quarter of the year.

In a letter to staff, Bezos says he will continue to be "engaged in important Amazon initiatives," but would turn more attention to his personal climate change initiatives and space research company Blue. Origin, as well as the Washington newspaper he owns.

Jeff Bezos has been CEO of Amazon since its inception in 1994, becoming one of the richest people in the world with a current value of nearly $ 200 billion, according to Forbes.

"I have never been more energetic than now and this has nothing to do with retirement," Bezos wrote in the letter.

Amazon declined to give further details on the leadership reshuffle, but it is known that his position will be replaced by Andy Jassy, ??who currently heads Amazon's cloud computing division and has joined the company since 1997. ën.

"When you look at our financial results, what you are actually seeing are the long-term results of the invention," says Bezos. "Right now I see Amazon in its most creative period, making this an optimal time for this transition."

Source: Financial Times