WOW (didn't see that coming) - Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will be replaced by Andy Jassy. Bezos has been Amazon's CEO since its founding in 1995
not sure hes been demoted...
So essentially, an executive chairman is an office separate from that of a CEO but can function like a CEO and has even a higherauthority than a CEO. ... So essentially,executive chairman can have a substantial influence in the company but they do not actively participate in day-to-day operations.
