CURRENT AFFAIRS

Detailed explanation-1: -SEATTLE-Amazon founder Jeff Bezos will step down as chief executive of the e-commerce giant, turning over the reins to the company’s longtime cloud-computing boss Andy Jassy.

Detailed explanation-2: -5, 2021. Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word. Jassy, a 25-year Amazon veteran, succeeded Jeff Bezos on July 5, 2021.

Detailed explanation-3: -Amazon said on Tuesday that Andy Jassy, who runs the cloud unit, will succeed Jeff Bezos as CEO of the parent company in the third quarter. Jassy helped launch Amazon Web Services in 2006 and turned it into the dominant force in cloud infrastructure.

Detailed explanation-4: -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".