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Jeff Bezos stepping down as Amazon CEO

Jeff Bezos
Posted at 3:56 AM, Feb 03, 2021
and last updated 2021-02-03 03:56:17-05

NEW YORK — Jeff Bezos may be retiring as Amazon's CEO, but he won't be shying away from having say-so over the online behemoth he founded.

After nearly 30 years at the helm of Amazon, Bezos says he'll be stepping aside to take the role of executive chairman of the company.

In a blog post, Bezos says he plans to use his time after leaving the CEO's post to focus on new products and early initiatives being developed at Amazon.

He says he will also spend time on his side projects -- and on overseeing The Washington Post, which he owns.

Bezos, who is 57, will be replaced in the summer by Andy Jassy, who runs Amazon's cloud-computing business.