Amazon.com Inc founder and CEO, Jeff Bezos has announced that he would step down as CEO of the company and become Executive Chairman in Q3 of 2021, i.e. with effect from July 01, 2021. Andy Jassy, who is currently serving as the chief executive of Amazon Web Services (AWS), will replace Bezos as CEO of Amazon. Bezos started the company 27 years ago, on 5 July 1994, as an internet bookseller.
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