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Companies

Amazon's Bezos to step down as CEO, become executive chairman

Announcement comes as quarterly revenue tops $100 billion for first time

Bezos founded Amazon 27 years ago as an Internet bookseller.   © Reuters

SAN FRANCISCO  (Reuters)  -- Amazon.com Inc founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of the company's transformation from web retailer to internet conglomerate.

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