Amazon Founder and CEO Jeff Bezos Will Step Down, Company Says
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.
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