NEW YORK (AP) — Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he’s had since he founded the company nearly 30 years ago.

Bezos built the company from an online bookstore into a behemoth that sells just about everything.

Amazon said he’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud business.

Bezos will then become the company’s executive chairman.

Enter your number to get our free mobile app

MORE TO EXPLORE: The Richest Person In Each State

More From KGAB