Updated at 8:28 p.m. ET
Amazon founder Jeff Bezos will step down as the company’s chief executive officer this summer, after more than a quarter-century at the helm of the retail, logistics and tech powerhouse.
Bezos will become Amazon’s executive chairman and remain its biggest shareholder, the company said on Tuesday. He will hand over the CEO reins to Andy Jassy, the head of Amazon’s cash-cow cloud computing division.
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