Bezos, who started the company 27 years ago as an internet bookseller, said in a note to employees posted on Amazon's website,"As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions."
NEW YORK: Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time.
The transition, slated for the summer, will make current cloud computing head Andy Jassy the next chief executive of Amazon.
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