Jeff Bezos To Step Down As CEO Of Amazon

  • Jeff Bezos will step down as Amazon CEO in the third quarter.
  • In a letter to Amazon employees published Tuesday afternoon, Bezos announced that he would transition to executive chairman, where he will focus more on “new products and early initiatives.”
  • “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote. “When you have a responsibility like that, it’s hard to put attention on anything else.”

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