XPO Logistics announced Monday the planned spinoff of its brokerage unit, RXO, has received board approval. XPO also announced dates for the transaction and introduced a new board of directors.
Upon separation of the companies, current XPO Chairman and CEO Brad Jacobs will be the executive chairman of XPO’s board. Mario Harik, current chief information officer and head of XPO’s less-than-truckload unit, will succeed Jacobs as CEO and will also become a board member. The eight-person board will...
https://www.freightwaves.com/news/xpo-board-approves-rxo-spinoff-eyes-nov-1-distribution