Jeff Bezos to formally step down as Amazon CEO on July 5, Andy Jassy to take over

(CNBC) Amazon CEO Jeff Bezos will step down on July 5, turning the helm over to cloud-computing boss Andy Jassy. “We chose that date because it’s sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago,” Bezos said Wednesday at Amazon’s annual shareholder meeting, which was held virtually.

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