Amazon live updates – Jeff Bezos officially stepping down as CEO TODAY as Andy Jassy takes over ahead of rocket launch

AMAZON CEO Jeff Bezos is officially stepping down from his role with the company today.

Bezos is handing the reins to Andy Jassy, who previously ran Amazon’s cloud-computing business.

Earlier this year, Bezos said he planned to focus on new products and early initiatives being developed at Amazon.

He said he would have more time for side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he owns.

Bezos, who is the company’s biggest shareholder, will still have broad influence over Amazon.

The move comes ahead of his trip to space on Blue Origin’s launch on July 20.

Read our Jeff Bezos live blog for all the latest news and updates…