Kessler remains at Cargomatic after stepping down as CEO
Cofounder becomes chief product officer, remains on board, company says
By Ben Ames
Former Cargomatic Inc. CEO Jonathan Kessler is staying on at the Venice Beach, Calif.-based logistics startup he cofounded, despite reports last week that he had been ousted, the company said.
In an email sent to DC Velocity yesterday, cofounder and president Brett Parker confirmed that Kessler stepped down as CEO, but said he became its chief product officer and will remain on Cargomatic's board.
"It is common in the maturation of a fast-growth technology company to have the visionary founder move out of an operations role," Parker said. "The change does not affect our continued expansion and our prospects have never been more positive."
Parker said the company's plan for growth included continued venture capital investments, an increased focus on enterprise sales, and the recent hiring of logistics executives from Carlile Transportation Systems and XPO Logistics Inc.
Parker refuted accounts in this publication and others that Kessler was asked to leave. The reports, which surfaced Friday, came just weeks after the company classified as one of the "Uber for trucking" firms laid off half its staff. The company did not respond to requests for comment on those events in time for publication.
Parker said the company remains well positioned to grow its share of the estimated $77 billion a year short-haul, less-than-truckload (LTL) market
Cargomatic's software platform connects shippers, freight brokers, and motor carriers, with the goal of bringing new efficiencies to freight hauls of less than 200 miles by aggregating and rationalizing capacity.
About the Author
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.
More articles by Ben Ames
Resources Mentioned In This Article
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Kessler remains at Cargomatic after stepping down as CEO">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.