Shafaq News/ Amazon founder Jeff Bezos announced he will step down as company CEO in the third quarter of the year to focus on his other businesses.
Bezos, who will remain executive chair, will hand the reins to Andy Jassy, chief executive of Amazon Web Services, the company's fast-growing cloud computing business.
The surprise news came as Amazon released its latest financial results. Few companies have thrived like Amazon during the coronavirus pandemic, and in the last three months of the year, the company recorded sales of more than $100 billion for the first time.
Bezos, 57, founded Amazon 27 years ago and built it into one of the largest companies in the world, amassing a fortune of $185bn. Amazon, which started as an online bookseller, is now a dominant force in cloud computing, groceries, electronics and entertainment, and employs more than 1.1 million people.
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