Amazon’s founder will resume the role of executive chair
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Jeff Bezos is stepping down as chief executive of Amazon in the third quarter of 2021 and will be replaced by Amazon Web Services CEO Andy Jassy, the e-commerce behemoth announced Tuesday.1 Bezos will transition to the role of executive chair of the board.
“Amazon is what it is because of invention. We do crazy things together and then make them normal,” Bezos said in a statement. “Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”
News of the CEO transition came as Amazon reported fourth quarter earnings results, delivering $125.56 billion in revenue and pushing past the symbolic $100 billion mark for the first time following the holiday shopping and pandemic surge. The tech giant outperformed analyst expectations, with earnings of $14.09 per share versus the $7.23 expected. Its reported revenue also beat analyst forecasts of $119.7 billion.
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POSSIBLE LINK? It has been odd in recent days to see Amazon speak of new voter processes – in person voting.
