Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman, making way for Andy Jassy, who currently heads up its cloud computing division, AWS, to replace him in the role.
The ecommerce group’s founder, 57, on Tuesday said it was an “optimal time” to make the move, which will happen in the third quarter.
In a letter to staff, Mr Bezos said he would stay “engaged in important Amazon initiatives”, but would turn much of his attention to his personal climate change initiatives, the space exploration company Blue Origin and The Washington Post newspaper that he owns.
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