Amazon CFO to step down next summer amid investor discontent

Chief Financial Officer Thomas Szkutak, 53, will retire in June 2015 and be succeeded by Brian Olsavsky, vice president of finance for global consumer business, Amazon said. The transition comes at a delicate time for Amazon. The acquisition reflects how dramatically Amazon has expanded during Szkutak's tenure, from pure online retailer to one with many new business lines including original television shows, hardware and local services. "Szkutak and Olsavsky will work together to conduct a seamless transition of CFO responsibilities over the next 10 months," Amazon said in a statement.

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