Wednesday, February 03, 2021

Bezos To Step Down as CEO of Amazon

The founder of Amazon, Jeff Bezos, is to step down as chief executive of Amazon the company that he started in his garage nearly 30 years ago.

He will become executive chairman, a move he said would give him "time and energy" to focus on his other ventures.

Mr Bezos, who has a fortune of almost $200bn, will be replaced by Andy Jassy, who currently leads Amazon's cloud computing business.

The change will take place in the second half of 2021.

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