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Amazon's Bezos to step down as CEO; quarterly revenue tops $100 billion for first time  03 Feb 2021 - 0:38 Reuters Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon's next chief executive officer. Net sales rose to $125.56 billion as consumers turned to the world's largest online retailer for holiday shopping, beating...

Bezos will become executive chair of the company later this year.

Amazon on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time.

By Jeffrey Dastin and Akanksha Rana (Reuters) - Amazon.com, Inc on Tuesday said founder Jeff Bezos would step ...

February 3, 2021 Share Amazon.com Inc. on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Net sales rose to $125.56 billion as consumers turned to the world’s largest online retailer for holiday shopping, beating analyst estimates of $119.7 billion, according to IBES data from Refinitiv. Bezos...