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Flexport, a digital-focused freight forwarder, is undergoing a major shakeup after Dave Clark, a former top executive at Amazon, abruptly resigned as the company's chief executive.
The story unfolds with disagreements over the company's direction and spending on new operations.
Now the story continues as the company cleans house, parting ways with at least six executives.
Ryan Petersen Takes Charge
Flexport founder Ryan Petersen regains control after Clark's departure.
Petersen initially shared the role of co-CEO with Clark before taking over as the sole leader.
Cleaning House
Flexport wasted no time in making significant changes. - At least six executives hired by Clark were let go, including Teresa Carlson, who joined as president and chief commercial officer.
Other departing executives include Darcie Henry, Tim Collins, Kelly Cheeseman, Adrienne Wilhoit, and Jiten Behl.
More on Clark's Departure
Dave Clark, known for overseeing Amazon's logistics network, resigned from Flexport after disagreements with the board. Concerns arose over increased company spending without a corresponding increase in revenue.
Plans for the Future
Flexport remains committed to the end-to-end logistics model. Its investment in Deliverr, acquired along with e-commerce platform logistics operations, will continue.
Flexport is rescinding a bunch of signed offer letters for people who were starting as soon as this Monday. I am deeply sorry to those people who were expecting to join our company and won't be able to at this time. It's messed up. But no way around it, we have had a hiring…
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Thilo Huellmann and his team traveled 2,500+ miles, visiting key freight markets like Grand Rapids, Cincinnati, and Houston to discuss AI and automation with freight brokers. Here’s what they learned.
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