Amazon says Jeff Bezos will resign as chief executive of the company he founded more than 25 years ago. The company revealed Amazon Web Services chief Andy Jassy will take over the role while Bezos will become executive chairman.
The news comes as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time.
Bezos, who started the company 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." He added: "I've never had more energy, and this isn't
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