Post by account_disabled on Feb 20, 2024 6:24:26 GMT
Three weeks after Flexport founder Ryan Petersen fired Dave Clark as CEO and returned to run his supply chain software startup, the company has ousted its chief financial officer and its head of human resources has resigned, according to reports. CNBC learned. Flexport informed chief financial officer Kenny Wagers last week that he was being fired, according to people familiar with the situation. His last day is Friday. Stuart Leung, Flexport's chief financial officer, is expected to be named chief financial officer, said the people, who asked not to be identified because they were not authorized to speak publicly about the matter. Leung has worked at Flexport for seven years in various operations, logistics and finance roles, and is considered a close confidant of Petersen. Petersen, who founded Flexport a decade ago and built it into a Silicon Valley darling valued at $8 billion by prominent investors, regained the top position at the company on Sept. 6, after he and the board They forced Clark to resign.
Clark, who spent 23 years at Amazon and became a prominent member of Jeff Bezos' leadership team, was hired by Petersen a year ago, in part to help the company move toward an IPO, sources said. Clark and Job Function Email Database Petersen served as co-CEOs of Flexport beginning last September, with Clark taking over as the company's sole CEO in March. Petersen became a venture partner in Peter Thiel's Founders Fund, a major backer of Flexport. Jennifer Boden, Flexport's vice president of people technology and employee experience, will also leave the company, the sources said. Boden took over the role earlier this month after her predecessor, Darcie Henry, was fired from Flexport. A Flexport spokesperson confirmed the personnel moves and said Michael Brown will take on a new role as Head of Restructuring Initiatives and CEO, but declined to comment on possible layoffs.
Flexport and we are grateful for his contributions in making Flexport one of the fastest growing companies during his tenure. We wish Kenny the best as he pursues his next opportunities. Stuart Leung will become Flexport's chief financial officer. Officer and report to Ryan Petersen, CEO, effective immediately. Stuart has been with Flexport for almost seven years and has held vital senior leadership roles across finance, sales and operations. As CFO, he will focus on leading Flexport's return to profitability and growth. «Michael Brown will assume the role of senior vice president, head of restructuring and CEO of initiatives. In this newly created role, he will focus on restructuring the business to become more customer-centric and lead our return to profitability. Jennifer Boden will leave Flexport «Seek new opportunities. We thank Jennifer for her leadership and wish her all the best in her future endeavors.
Clark, who spent 23 years at Amazon and became a prominent member of Jeff Bezos' leadership team, was hired by Petersen a year ago, in part to help the company move toward an IPO, sources said. Clark and Job Function Email Database Petersen served as co-CEOs of Flexport beginning last September, with Clark taking over as the company's sole CEO in March. Petersen became a venture partner in Peter Thiel's Founders Fund, a major backer of Flexport. Jennifer Boden, Flexport's vice president of people technology and employee experience, will also leave the company, the sources said. Boden took over the role earlier this month after her predecessor, Darcie Henry, was fired from Flexport. A Flexport spokesperson confirmed the personnel moves and said Michael Brown will take on a new role as Head of Restructuring Initiatives and CEO, but declined to comment on possible layoffs.
Flexport and we are grateful for his contributions in making Flexport one of the fastest growing companies during his tenure. We wish Kenny the best as he pursues his next opportunities. Stuart Leung will become Flexport's chief financial officer. Officer and report to Ryan Petersen, CEO, effective immediately. Stuart has been with Flexport for almost seven years and has held vital senior leadership roles across finance, sales and operations. As CFO, he will focus on leading Flexport's return to profitability and growth. «Michael Brown will assume the role of senior vice president, head of restructuring and CEO of initiatives. In this newly created role, he will focus on restructuring the business to become more customer-centric and lead our return to profitability. Jennifer Boden will leave Flexport «Seek new opportunities. We thank Jennifer for her leadership and wish her all the best in her future endeavors.
