One of the top global shipping companies, Auctane, has announced a new chief executive officer.
Albert Ko has been appointed the new CEO, effective June 12, which is the start of the company’s move to growing the global e-commerce business, according to a May 24 ThomaBravo news release.
“With extensive experience delivering product innovation and operational excellence at large-scale organizations, Al will help Auctane usher in a new stage of growth,” Holden Spaht, Thoma Bravo managing partner, said in the release. “Under his leadership, Auctane will continue to drive innovation in the expanding ecommerce shipping market, where increasing expectations around shipping speed, complexity, and globalization present enormous opportunity.”
Ko will be taking over the role from Nathan Jones, the release reported. He will also be joining the company’s board of directors.
Ko was previously the CEO of Early Warning Services, which was known for the Zelle payments network, according to the release. During his four years in that role, Ko showed remarkable growth with a 20-fold increase in financial institutions and a five-fold growth in volume, while also fostering a strong culture of employee engagement.
“Auctane has been on the forefront of innovation in shipping since its inception,” Ko said in the release. “I look forward to joining a team of passionate innovators dedicated to bringing solutions to merchants around the world to help grow their businesses.”
Before his tenure at EWS, Ko was at Intuit for 13 years where he served in a number of leadership roles, the release said. This included chief transformation officer, general manager of Mint and head of product for QuickBooks.
“Al has deep expertise in bringing organizations together to achieve large-scale growth and transformational change. His proven track record of empowering employees around a shared vision will serve Auctane well as we accelerate momentum across our portfolio of brands,” Gene Austin, chairman of Auctane’s board of directors, said in the release. “I look forward to working alongside Al as he brings this expertise to bear at Auctane.”
Auctane is working to become the leading global e-commerce shipping leader, according to the release. The company operates Stamps.com, ShipStation, ShippingEasy, ShipEngine, ShipWorks, Metapack and Endicia. The team is made up of shipping and software experts who work to help merchants across the world.
The release said the company started with introducing online postage through Stamps.com and then moved on to expand in the global ecommerce market to help improve delivery for senders and those receiving.
Thoma Bravo acquired Auctane in October 2021, according tot he release.