December 8, 2022

FOZDE.COM

THE NEWS INSIDE

Dave Clark joins logistics big Flexport as co-CEO

At the start of the month, Amazon veteran and its worldwide client chief Dave Clark introduced his resignation from the corporate, ending an affiliation of 23 years with the e-commerce behemoth. Now, almost every week later, he has introduced becoming a member of the multi-billion logistics software program startup Flexport, as its co-CEO.

Beginning September 1, Clark might be co-CEO for a interval of six months, following which he’ll change into the CEO of the provision chain software program startup. In March 2023, the present CEO (and founder) of Flexport, Ryan Petersen, will transition into the position of the corporate’s government chairman.

Clark may also be part of Flexport’s board as he begins his tenure because the co-CEO, a couple of months later after he leaves Amazon in July. No alternative has been named by Amazon, however CEO Andy Jassy stated the corporate would announce an replace “over the subsequent few weeks.”

“Over the past 20 years, Dave helped scale Amazon into the know-how and provide chain juggernaut it’s at present,” Petersen stated in an announcement. “He’s a builder and an entrepreneur at coronary heart, with the management expertise that can shepherd Flexport into probably the most thrilling part of our journey.”

“I’m lucky to have the chance to accomplice with an unbelievable staff who’re constructing a customer-first, rocket ship of an organization targeted on architecting and constructing options for probably the most sophisticated provide chain issues by means of world-class know-how for the bodily world,” Clark wrote in a LinkedIn publish.

The Amazon veteran will carry to the desk his experience in logistics and success techniques. This might be helpful for the nine-year-old Flexport, which was valued at $8 billion this February after it raised $935 million in a Collection E funding spherical.

See also  Amazon initiates largest spherical of layoffs in firm historical past

It’s backed by a number of high-profile names reminiscent of Andreessen Horowitz, SoftBank, Shopify, and others. The startup is understood to supply cloud-based freight forwarding and brokerage companies for ocean, air, truck, and rail, as properly insurance coverage and customs compliance. It has over 3,500 folks throughout 23 workplaces worldwide, together with a Seattle workplace that was opened in 2019, and clocked $3.3 billion in income final yr.