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Jeff Bezos Is Stepping Down As Amazon CEO

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Amazon founder and CEO, Jeff Bezos is stepping down.

The company announced that later this year Bezos will transition to executive chairman. Andy Jassy, the CEO of Amazon Web Services, will take the helm.

The transition comes at a time when Amazon seems unstoppable, fueled by record sales amid the pandemic and generating massive profits from the cloud services business Jassy helped create and manage.

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