Amazon’s consumer chief to jump to logistics startup Flexport as CEO
Reuters API
Dave Clark, the Amazon
Amazon announced last week that Clark planned to leave his role as CEO of its worldwide consumer business on July 1.
The move will place Clark at the helm of a company vying to become one of the biggest supply-chain and logistics platforms globally, a mantle not unlike the one held by Amazon.
Both
Amazon CEO Andy Jassy
Marc Wulfraat, president of logistics consultancy MWPVL International Inc, said there did not appear to be significant overlap between the two companies.
In his LinkedIn post, Clark said Flexport was “tackling the most complicated piece of the supply chain: the global cross-border movement of goods. It is an area where few technology companies have dared to tread because of the vast array of regulatory rules, intimidating geographical distances, and siloed network of providers.”
Clark earlier said he left Amazon with a multi-year plan in place to manage inflationary challenges and wanted to get back to building. Amazon has vowed to cut costs after a period of over-expansion, which on Wednesday Jassy defended as having been the right move to help with customer deliveries.
Ryan Petersen, Flexport’s current chief, said in a Twitter
In February, Flexport more than doubled its valuation to $8 billion after a funding round led by venture capital firms Andreessen Horowitz and MSD Partners.
It expects revenue of close to $5 billion this year, Petersen said.
