XPO Logistics (XPO) Appoints Mario Harik as CEO

August 5, 2022 5:07 PM EDT

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On August 4, 2022, the board of directors (the “Board”) of XPO Logistics (NYSE: XPO) approved the promotion of Mario Harik to the position of chief executive officer of the Company, and his appointment as a member of the Board, effective as of the earlier of (i) the effective date of the planned spin-off of the Company’s tech-enabled brokerage platform (the “Spin-off”) or (ii) January 1, 2023 (such earlier date, the “Promotion Date”). Mr. Harik will succeed Brad Jacobs, who will become executive chairman of the Company effective as of the Promotion Date. Mr. Harik has been named president, North American less-than-truckload (“LTL”) effective immediately, after serving as acting president, North American LTL since October 2021. Mr. Harik will continue to serve as president, LTL and as the Company’s chief information officer until the Promotion Date

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