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Flexport CEO Dave Clark resigns from logistics startup after one one year in the operate

Dave Clark.

Lindsey Wasson | Reuters

Flexport CEO Dave Clark is resigning from the provision chain tool startup and handing the reins over to founder and govt chair Ryan Petersen after one one year in the operate — and after appropriate form six months of helming the firm solo.

“Right this moment time, Ryan and I mentioned his want to reach relieve to specializing in boost in the core freight replace,” Clark wrote in a post on X, formerly called Twitter. “In gentle of that, I dangle that he is most acceptable to manual the firm in that direction. As such, I shall be resigning from my set aside at Flexport.”

An early Flexport investor told CNBC that the firm did not portion the guidelines of Clark’s departure with investors prior to the final public announcement. Clark and Petersen had been co-CEOs of Flexport beginning excellent September, and Clark took over as the firm’s sole CEO in March. He is now brooding about running for governor in Texas, where he lives, in step with the Wall Aspect road Journal.

Petersen started Flexport, which topped excellent one year’s Disruptor 50 checklist, in 2013, with the honest of discovering a smarter methodology to address the waft of issues placed on ships, planes, trucks and railroads across the sector. Flexport announced excellent June that Petersen would step down in March 2023 as CEO and flip the set aside over to Clark, while transitioning into the operate of govt chair.

The facts got here appropriate form days after Amazon announced Clark would resign as CEO of its worldwide particular person replace, bringing his more than two-decade profession there to a shut. Clark is credited with being a riding force late Amazon’s logistics and fulfillment community.

In July, Flexport mentioned Petersen would join Founders Fund, the project capital fund based by billionaire Peter Thiel.

Representatives from Flexport and Founders Fund did not straight acknowledge to CNBC’s ask for comment.

CNBC’s Riley de León contributed to this fable.

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