Amazon executive to serve as CEO of logistics company

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An Amazon government who not too long ago introduced his stunning resignation from the e-commerce large is becoming a member of logistics startup Flexport as its new CEO.

Dave Clark will start his new function on the San Francisco-based firm on Sept. 1, two months after he steps down from his present function as CEO of Amazon’s worldwide shopper enterprise, Flexport introduced Wednesday. Clark and Flexport’s present CEO, Ryan Petersen, will function co-CEOs for the primary six months, after which Petersen will transition to function government chairman of the corporate.

On Friday, Clark introduced his departure from Amazon, the place he is labored for 23 years. The transfer signaled the corporate is seeking to make modifications to its troubled shopper division, which oversaw a serious growth of Amazon’s warehouses in the course of the COVID-19 pandemic. However the firm stated in its final earnings report that it now has an excessive amount of house and is shedding billions of {dollars} due to it.

Clark wrote in an e mail to his staff he posted Friday on Twitter that he’s a “builder at coronary heart” and it was time for him to start out a brand new journey. On Monday, he wrote in a LinkedIn put up that he’s wanting ahead to transition into his new function at Flexport, which reported $3.3 billion in income final yr.

“I’m lucky to have the chance to accomplice with an unimaginable staff who’re constructing a customer-first, rocket ship of an organization centered on architecting and constructing options for probably the most sophisticated provide chain issues by way of world class expertise for the bodily world,” Clark wrote.

The 2 firms are usually not direct opponents, however Amazon has been rising logistics arm lately, aiming to additional compete with main carriers like UPS, FedEx and the U.S. Postal Service.

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


This story was first printed on June 8, 2022. It was up to date on June 13, 2022 to right that Flexport’s 2021 income was $3.3 billion, not $3.2 billion.

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