Amazon Founder Jeff Bezos Steps Down As CEO, Becomes Executive Chair
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deadline.comJeff Bezos, who built Amazon from a modest online bookseller to one of a handful of the most valuable companies in the world, said he would step down from his role and transition to executive chair of the company.The move will take effect in the third quarter of 2021.
Andy Jassy, a longtime senior executive who has led the potent Amazon Web Services division, will take over as the company’s CEO.The executive transition news came as the company delivered another set of spectacular financial results for the fourth quarter of 2020, with coronavirus-fueled demand boosting revenue to $125.6 billion and earnings to $14.09 a share.The profit number was significantly better than Wall Street analysts had expected and more than double the figure from
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