Jeff Bezos to step down as Amazon CEO

WASHINGTON:

Amazon founder Jeff Bezos will step down as the company's chief executive officer this summer and hand over the CEO reins to Andy Jassy, who runs Amazon's cloud-computing business.

"As much as I still tap dance into the office, I'm excited about this transition," Bezos said in a letter to employees, announcing the end of his 27-year run.

Bezos will become Amazon's executive chairman and remain its biggest shareholder, the company said on Tuesday.

(Edited by Ladiangti Rani)

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