CURRENT AFFAIRS

Detailed explanation-1: -Andy Jassy, the chief of Amazon’s cloud computing division, will become chief executive, while Mr. Bezos, the company’s founder, will become executive chairman.

Detailed explanation-2: -The world’s wealthiest man is stepping back from the day-to-day operations of the business and handing the reins to Andy Jassy. Amazon founder Jeff Bezos has officially stepped down as the company’s chief executive, handing that role over to Andy Jassy, in order to focus on “new products and early initiatives".

Detailed explanation-3: -Bezos, 57, re-engaged on day-to-day matters early in the pandemic. But in February, he announced that he planned to step down from running Amazon and would become executive chairman of the company’s board.

Detailed explanation-4: -It was the end of an era. Jeff Bezos announced he was leaving the chief executive officer role at Amazon.com Inc. and becoming executive chairman.

Detailed explanation-5: -Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February.