According to recent press releases, Amazon CEO Jeff Bezos will step down as its CEO this year. In the third quarter of 2021, you will see Bezos gearing up for the Amazon board’s Executive Chair. Chief Executive Andy Jassy will step up to the CEO position. The founder plans to focus his energy on initiatives like Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, etc. The e-commerce giant announced the news soon after it recorded a $7.2 billion net profit in 2020’s last quarter. In this Forbes video, find out more about the soon-to-be-retiring Amazon CEO’s future plans.