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Jeff Bezos to step down, Andy Jassy will be new CEO of Amazon

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Amazon founder Jeff Bezos announced that Andy Jassy, the current CEO of Amazon Web Services (AWS), will take over as the CEO of the e-commerce giant on July 5.

The reason he chose the date is because July 5 has sentimental values to it.

“It’s the date that Amazon was incorporated in 1994, exactly 27 years ago,” he said.

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