Jeff Bezos finally announced the exact date of changing the position of CEO of Amazon which is currently held by him.

In February, Bezos announced the change of CEO position at Amazon. The next Amazon CEO position will be filled by Andy Jassy, who is currently the CEO of Amazon Web Services.

Amazon CEO changes will take place on July 5, 2021. "We chose that date because it’s a sentimental one for me. It's the date that Amazon was incorporated in 1994, exactly 27 years ago," Bezos said. 

Meanwhile Jassy was part of the founding team of Amazon Web Services in 2003 and since 2016 has served as CEO of AWS. In the first three months of 2021, AWS generated $13.5 billion or the equivalent of 12 percent of Amazon's total revenue for the quarter.

Furthermore, Jeff Bezos will occupy a position on the executive board of Amazon.