Bezos to step down as Amazon CEO on July 5
Jeff Bezos will formally step down as Amazon’s chief executive officer on July 5, he announced at the company’s annual shareholder meeting on Wednesday.
“We chose that date because it’s sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago,” Bezos said during the virtual meeting.
Amazon said in February Bezos will resign as CEO to transition to the role of executive chair in the third quarter of this year. He is set to be replaced by Andy Jassy, the CEO of Amazon Web Services (AWS), the company’s cloud computing business.
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