Flexport CEO Dave Clark resigns from logistics startup just after a single year in the job

Flexport CEO Dave Clark resigns from logistics startup just after a single year in the job


Dave Clark.

Lindsey Wasson | Reuters

Flexport CEO Dave Clark is resigning from the provide chain application startup and handing the reins over to founder and govt chair Ryan Petersen right after one yr in the function — and right after just six months of helming the business solo.

“Right now, Ryan and I mentioned his drive to return to concentrating on development in the main freight organization,” Clark wrote in a publish on X, formerly called Twitter. “In light-weight of that, I feel that he is most effective suited to direct the business in that way. As this kind of, I will be resigning from my place at Flexport.”

An early Flexport investor told CNBC that the company did not share the information of Clark’s departure with buyers prior to the community announcement. Clark and Petersen had been co-CEOs of Flexport commencing very last September, and Clark took more than as the firm’s sole CEO in March. He is now thinking of functioning for governor in Texas, where he lives, in accordance to the Wall Street Journal.

Petersen commenced Flexport, which topped final year’s Disruptor 50 checklist, in 2013, with the purpose of finding a much better way to take care of the stream of merchandise placed on ships, planes, vehicles and railroads across the globe. Flexport declared previous June that Petersen would move down in March 2023 as CEO and change the position over to Clark, even though transitioning into the part of executive chair.

The information came just times right after Amazon announced Clark would resign as CEO of its around the world buyer organization, bringing his extra than two-ten years vocation there to a near. Clark is credited with staying a driving drive guiding Amazon’s logistics and achievement community.

In July, Flexport stated Petersen would sign up for Founders Fund, the venture money fund started by billionaire Peter Thiel.

Reps from Flexport and Founders Fund did not instantly reply to CNBC’s ask for for comment.

CNBC’s Riley de León contributed to this tale.





Source

Robinhood’s 0 million Bitstamp deal takes it beyond retail trading
Technology

Robinhood’s $200 million Bitstamp deal takes it beyond retail trading

Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions. The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto […]

Read More
Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company
Technology

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years. Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region […]

Read More
Snowflake to buy database startup Crunchy Data for about 0 million
Technology

Snowflake to buy database startup Crunchy Data for about $250 million

Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025. Tasos Katopodis | Semafor | Getty Images Data analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers cloud-based database software. Snowflake will pay about $250 million, according to a […]

Read More