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 human resources chief has resigned, CNBC has learned.
Flexport informed CFO Kenny Wagers last week that he was being let go, according to people familiar with the situation. His last day is Friday.
Stuart Leung, Flexport’s head of finance, is expected to be named CFO, said the people, who asked not to be named because they weren’t authorized to speak publicly on the matter. Leung has worked at Flexport for seven years in various operations, logistics and finance roles, and is viewed as a close confidant of Petersen’s.
Petersen, who founded Flexport a decade ago and built it into a Silicon Valley darling valued at $8 billion by prominent investors, reclaimed the top position at the company on Sept. 6, after he and the board forced Clark to resign. Clark, who spent 23 years at Amazon and became a top member of Jeff Bezos’ leadership team, was hired by Petersen a year ago, in part to help the company move towards an IPO, sources said.
Clark and Petersen worked as co-CEOs of Flexport starting last September, and Clark took over as the company’s sole CEO in March. Petersen became a venture partner at Peter Thiel’s Founders Fund, one of Flexport’s top backers.
Jennifer Boden, Flexport’s vice president of people tech and employee experience, is also leaving the company, the sources said. Boden took over the role earlier this month after her predecessor, Darcie Henry, was let go from Flexport.
A Flexport spokesperson confirmed the personnel moves, and said that Michael Brown will take on a new role as Head of Restructuring and CEO Initiatives, but declined comment on possible layoffs.
“Kenny Wagers made a tremendous impact at Flexport, and we are grateful for his contributions steering Flexport as one of the fastest-growing companies during his tenure. We wish Kenny the best as he pursues his…
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