After barely a year in the position and just six months of running the business alone, Flexport CEO Dave Clark is stepping down from the supply chain software startup and handing the baton over to founder and executive chairman Ryan Petersen.
In a post on Twitter that is now known as X, Clark stated, “Today, Ryan and I discussed his wish to return to focusing on growth in the core freight business. “Given that, I believe he is most qualified to guide the business in that direction. As a result, I’ll be leaving my job at Flexport.
An early Flexport investor claimed to CNBC that the business withheld information about Clark’s departure from investors until after the announcement to the general public. Beginning in September of last year, Clark and Petersen co-led Flexport as CEOs. In March, Clark became the only CEO of the business.
In order to develop a better approach to control the movement of products loaded onto ships, planes, trucks, and railroads around the world, Petersen founded Flexport, which came in first place on the Disruptor 50 list last year. Petersen’s resignation as CEO and transfer of leadership to Clark in March 2023 were both announced by Flexport in June of last year. Petersen would continue on as executive chairman.
Source (CNBC)
