Dave Clark.
Lindsey Wasson | Reuters
Flexport CEO Dave Clark is resigning from the provision chain software startup and handing the reins over to founder and executive chair Ryan Petersen after one yr within the role — and after just six months of helming the corporate solo.
“Today, Ryan and I discussed his desire to return to specializing in growth within the core freight business,” Clark wrote in a post on X, formerly called Twitter. “In light of that, I feel that he’s best suited to guide the corporate in that direction. As such, I can be resigning from my position at Flexport.”
An early Flexport investor told CNBC that the corporate didn’t share the news of Clark’s departure with investors prior to the general public announcement. Clark and Petersen had been co-CEOs of Flexport starting last September, and Clark took over as the corporate’s sole CEO in March. He’s now considering running for governor in Texas, where he lives, in response to the Wall Street Journal.
Petersen began Flexport, which topped last yr’s Disruptor 50 list, in 2013, with the goal of finding a greater solution to manage the flow of products placed on ships, planes, trucks and railroads the world over. Flexport announced last June that Petersen would step down in March 2023 as CEO and switch the position over to Clark, while transitioning into the role of executive chair.
The news got here just days after Amazon announced Clark would resign as CEO of its worldwide consumer business, bringing his greater than two-decade profession there to an in depth. Clark is credited with being a driving force behind Amazon’s logistics and achievement network.
In July, Flexport said Petersen would join Founders Fund, the enterprise capital fund founded by billionaire Peter Thiel.
Representatives from Flexport and Founders Fund didn’t immediately reply to CNBC’s request for comment.
— CNBC’s Riley de León contributed to this story.