Jeff Bezos Will Step Down br as Amazon CEO.br Amazon founder Jeff Bezos announced the br transition in a letter to employees.br Amazon Web Services (AWS) br CEO Andy Jassy will take over br as Amazon CEO beginning br in the third quarter of this year.br I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO, Jeff Bezos, Letter to Employees, via CNBC.br Jeff Bezos will remain in the company br as executive chair of Amazon's board.br I intend to focus my energies and attention on new products and br early initiatives, Jeff Bezos, Letter to Employees, via CNBC.br The news sent shockwaves across Wall Street, br with a 1.5 percent drop in Amazon shares.br Bezos founded br Amazon in 1994.br The company is now one of only six br in the world to be worth more than $1 trillion.br Bezos' net worth is an estimated $182 billion. br He is the second richest person in the world.