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Amazon Stock Falls After a Key CEO Steps Down

Amazon Stock Falls After a Key CEO Steps Down

Adam Selipsky, chief executive officer of Amazon Web Services, is stepping down in June, the company announced Tuesday. Amazon.com’s cloud computing business announced that Matt Garman, senior vice president of sales and marketing at AWS, will take Selipsky’s place on June 3. Shares of Amazon were down 1.1% Tuesday to $184.90.