Speed Reads

This just in

Amazon's CFO will retire after 12 years with the company

After working at Amazon for 12 years, Thomas Szkutak, the company's chief financial officer, has announced that he will retire in June 2015.

Amazon already has his replacement in line: Brian Olsavsky, who is currently the vice president of finance for the company's global consumer business. Both Szkutak and Olsavsky began working at Amazon in 2002.

Jeff Bezos, Amazon's founder and CEO, said that Szkutak helped Amazon "expand into different product categories and geographies," including the Kindle reader, The Associated Press reports.