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Dave Clark is credited with building Amazon’s transportation network from scratch.
Ted S. Warren/AP
So it turns out that
Amazon
retail main Dave Clark is leaving the firm for a incredibly superior reason—he’s agreed to grow to be the CEO of Flexport, a pink-hot provide chain management begin-up that is hoping to cure the world’s current logistics and product shortage mess.
Final 7 days, Clark designed the shock determination to action down as the head of Amazon’s world-wide buyer small business, a part he has held only considering that January 2021.
Clark joined Amazon (ticker: AMZN) proper out of business enterprise college in 1999, and used most of his tenure doing the job in operations and achievement. In a notice to the Amazon workers announcing Clark’s departure, CEO Andy Jassy pointed out that among other things Clark “built out Amazon’s transportation network from scratch.”
That experience—building out Amazon’s fleet of vehicles, planes, and other logistics infrastructure—has clear application at Flexport, which supplies application and services to aid businesses control logistics and source chain management. Flexport will help companies organize freight shipments, cope with taxes and tariffs, acquire insurance, and keep track of goods.
In a LinkedIn article Wednesday, Clark wrote that he has spent most of his professional lifetime “thinking about fixing difficulties at the intersection of know-how and the bodily entire world.” He explained Flexport as “a client-initial, rocket ship of a company” concentrated specially on addressing sophisticated source-chain troubles.
Clark will get over the CEO purpose from founder Ryan Petersen, whom he credits with “brilliantly tackling the most intricate piece of the offer chain: the world-wide cross-border motion of goods.”
According to Crunchbase, Flexport has lifted $2.2 billion in undertaking funds from a group of investors that contains the SoftBank Eyesight Fund, Andreessen Horowitz, DST Global, Founder Resources, Michael Dell’s MSD Partners, and
Shopify
(Shop), amongst others. In February, the company raised $935 million at an $8 billion valuation.
Compose to Eric J. Savitz at [email protected]