Amazon’s founder Jeff Bezos will step down as a CEO of the company and will move to an executive chair in the Q3 of this year. CEO of AWS Andy Jassy will be taking over as chief executive for the firm.  Bezos, in an email to employees, said that the transition will allow him to devote more time to “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and other passions.” Jassy had previously been speculated as a likely successor.