GXO Logistics, Inc. (NYSE: GXO) shares were virtually unchanged Wednesday. The Greenwich, Conn.-based GXO, the world’s largest pure-play contract logistics provider, today announced organizational changes to accelerate growth, simplify its structure, and strengthen execution.
GXO CEO Patrick Kelleher said, “In my first 60 days, I’ve seen firsthand the strength of our foundation and the extraordinary potential ahead – for our business, our people, and our impact in the marketplace.
GXO today announced the appointment of Michael Jacobs, formerly Senior Vice President of Supply Chain, Ferguson Enterprises, Inc., as President of the Americas and Asia Pacific, effective November 3.
Jacobs brings more than three decades of experience in all aspects of supply chain operations with expertise spanning consumer packaged goods, retail and industrial. At Ferguson, Jacobs led the transformation of its supply chain -- improving service, increasing productivity through robotics and automation and enhancing demand forecasting and product transit predictability by leveraging AI. At Keurig, Inc., he led worldwide distribution and e-commerce fulfilment, achieving best-in-class operating levels. Prior, he led global supply chain operations at Toys “R” Us, Inc., across all divisions in 33 countries.
Kelleher continued, “I am thrilled to welcome Michael to GXO. He brings a depth and breadth of experience across all aspects of supply chain and a proven track record of automation excellence and operational execution.”
Jacobs succeeds Jorge Guanter whose leadership of the region since 2023 has set the stage for the next chapter of growth.
GXO shares dipped 15 cents in the first hour Wednesday to $54.10.
