In 1994, Amazon was founded by Jeff Bezos as a company that sells books. As years went by, Amazon started to sell other items and created a faster delivery system. Amazon became one of the biggest retailers, it makes it very close to Walmart. After almost 30 years, Jeff Bezos, 57, is stepping down as CEO but will remain on the executive chair of the Amazon board. In 2018, he said that is most important work is going to be Blue Origin, which is an aerospace company. He is also one of the richest people in the world. The new CEO of Amazon will be Andy Jassy who is currently the chief executive of Amazon Web Services. It's common for business people to step down as CEO of companies they founded. Microsoft founder Bill Gates stepped down as CEO in 2000 and stepped down from Microsoft's board in 2020. Jeff Bezos won't be CEO anymore but he is not actually stepping away from Amazon, despite having other projects.
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