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Jeff Bezos to step down as Amazon CEO later this year

Jeff Bezos to step down as Amazon CEO later this year
Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Bezos, 57, will be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business.

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