Washington D.C.: Amazon founder and world’s richest person Jeff Bezos said Thursday that he is conserving to step down from his duties as Amazon’s CEO later this year.
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The world's richest person based on his Amazon stake, Bezos said he will transition to the role of executive chair in the third quarter, handing over the CEO role to Andy Jassy, who heads Amazon Web Services.
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The news came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion -- as pandemic lockdown caused online sales to explode around the globe.
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