Posted 9/8/2023, 7:51:23 PM
Flexport's Growth Stalls as Founder Reclaims CEO Role After Clashing with Former Amazon Exec
- Flexport founder Ryan Petersen picked Amazon exec Dave Clark as CEO but they had different visions
- 2 days after Clark's departure, Petersen said Flexport will rescind job offers to cut costs
- Petersen complained about too much hiring and expansion under Clark
- In September, Petersen stepped back to executive chairman and Clark became sole CEO
- 4 months ago Flexport acquired Shopify's logistics unit, but now focus is on profitability not growth