Amazon founder Bezos will step down as CEO

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Amazon founder of the American online store Jeff Bezos will leave the position of CEO of the company this year. He will be replaced by Andy Jassy, ​​who now manages Amazon's cloud activities. Bezos will become the executive chairman of the company's board of directors. Amazon also announced on Tuesday that its quarterly sales exceeded $ 100 billion for the first time.

Bezos founded Amazon in 1994 and eventually became the world's largest online store. Today, Bezos is the second richest man in the world after Elon Musk, according to the Bloomberg billionaire index with assets worth $ 188 billion (over four trillion CZK). For a long time, however, he led the rankings himself.

Amazon announced on Tuesday that it had increased sales by 44 percent year-over-year to $ 125.6 billion in the fourth quarter. The company more than doubled its quarterly net profit to $ 7.2 billion. It earned a record $ 21.3 billion last year, the DPA reported.

Quarterly sales exceeded analysts' estimates of $ 119.7 billion, according to a Refinitiv survey. Amazon has recently benefited from strong growth in consumer interest in online shopping as a result of the covid-19 pandemic.