Jeff Bezos in Feb this year had announced stepping down from the position of CEO, but no date was given. He had picked company executive Andy Jassy as his successor, who will occupy office from July 5. This date marks the 27th anniversary of Amazon as it was incorporated in 1994. Bezos will be executive chair at Amazon and will focus on bringing new products and initiatives. Washington Post and BlueOrigin will be the center of his focus.