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The
of Amazon.com, Jeff Bezos, will step down from his
as CEO (Chief Executive Officer). Mr Bezos, 57, announced he will finish as CEO
this year. Instead of being CEO, he will take on the new role of Amazon's executive
. He will pass on the
of CEO to Andy Jassy. Mr Jassy is currently head of Amazon Web Services - a
computing business. Mr Bezos has been in
of Amazon since founding the company in his garage in 1995. The company started as an online
but turned into a global online marketplace. It branched out into streaming video, music, and audiobooks. It also produces
electronics, including Kindle e-readers, Fire tablets and Echo
.