Bezos has announced that Andy Jessy will be replaced by Amazon CEO. Andy currently heads Amazon Web services

Jeff Bezos has said in a letter to employees of his company that “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”

He also shared the long journey of Amazon, as it was just an idea that has grown with the invention. He said, “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

Read the Full Letter of Jeff Bezos Written to his Employees here

After his announcement, Sundar Pichai, CEO of Google, wished him in a tweet. Pichai mentioned, “Congrats @JeffBezos, best wishes for Day 1 and Earth fund. Congrats @ajassyon your new role!

Satya Nadela, CEO of Microsoft also congratulated Jeff Bezos and Andy Jessie in a tweet. He wrote, “Congratulations to@JeffBezos and @ajassy on your new roles. A well-deserved recognition of what you have accomplished.