Supply chain startup is next move for Amazon executive who moved to D-FW

ByValerie Winifred

Jun 10, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

An Amazon executive who not long ago introduced his astonishing resignation from the e-commerce giant is signing up for logistics startup Flexport as its new CEO.

Dave Clark will start off his new purpose at the San Francisco-dependent corporation on Sept. 1, two months right after he methods down from his current position as CEO of Amazon’s globally customer company, Flexport introduced Wednesday. Clark and Flexport’s present CEO, Ryan Petersen, will provide as co-CEOs for the to start with six months, immediately after which Petersen will transition to serve as govt chairman of the corporation.

Clark, who moved to Highland Park past year, will continue to be based mostly in the Dallas location, according to GeekWire.

Clark announced his departure from Amazon, where by he’s labored for 23 many years, on Friday. The go signaled the business is wanting to make adjustments to its troubled purchaser division, which oversaw a important growth of Amazon’s warehouses for the duration of the COVID-19 pandemic. But the enterprise reported in its last earnings report that it now has too significantly house and is losing billions of pounds mainly because of it.

Clark wrote in an email to his crew, which he posted Friday on Twitter, that he is a “builder at heart” and it was time for him to start off a new journey. On Monday, he wrote in a LinkedIn article that he appears forward to transitioning into his new position at Flexport, which noted $3.2 billion in revenue past 12 months.

“I am fortuitous to have the chance to partner with an incredible workforce who are creating a shopper-initial, rocket ship of a firm concentrated on architecting and building solutions for the most intricate source chain troubles by earth-course technological innovation for the physical earth,” Clark wrote.

The two firms are not direct competitors, but Amazon has grown its logistics arm in the latest yrs, aiming to even more compete with key carriers like UPS, FedEx and the U.S. Postal Company.

Amazon has not named a alternative for Clark. CEO Andy Jassy stated he expects to have “an update” over the next few weeks.

Amazon’s major government above retail moves into Highland Park