Jassy new Amazon CEO on July 5

San Francisco AMAZON Founder Jeff Bezos has announced that Andy Jassy, the current CEO of Amazon Web Services (AWS), will take over as the CEO of the e-commerce giant on July 5.

The outgoing CEO Bezos said that he chose the date because July 5 is sentimental one for him. "It's the date that Amazon was incorporated in 1994, exactly 27 years ago," he said.

Dave Lee, a correspondent with the Financial Times who covers Amazon, late on Wednesday tweeted the remarks by Bezos made to reporters.

"Andy is well known inside the company, and has been at Amazon almost as long as I have. He's going to be an outstanding leader, and he has my full confidence," Bezos said.

"He has the highest of high standards, and I guarantee that Andy will never let the universe make us typical," he added.