heels

Jeff Bezos’ departure as Amazon CEO comes on the heels of a historic quarter

In a letter to Amazon employees published Tuesday afternoon, Jeff Bezos announced that he would step down as CEO and transition to executive chairman, where he’ll focus on “new products and early initiatives.” Andy Jassy, who is currently CEO of Amazon Web Services, will replace him.

“Jeff Bezos really knows how to go out on a high note, and the news of his stepping down from the CEO role will certainly overshadow what was a truly historic quarter,” said Andrew Lipsman, eMarketer principal analyst at Insider Intelligence.

“Amazon’s huge topline performance in Q4—bolstered by Prime Day in October, a

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