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Amazon founder Jeff Bezos announced he will step down as chief executive later this year. Bezo will transition to the company’s executive chairman, the company said Tuesday. Andy Jassy will replace Bezo as CEO.
“This journey began some 27 years ago. Amazon was only an idea, and it had no name,” Bezos wrote letter to employees Tuesday. “The question I was asked most frequently at that time was, ‘What’s the internet?’ … Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.”
