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Stock impact report

GXO Logistics CEO Malcom Wilson to retire [Yahoo! Finance]

GXO Logistics, Inc. (GXO) 
Company Research Source: Yahoo! Finance
Wilson informed GXO's board of directors that he plans to retire in 2025 but will continue to lead the company during the search for his successor, according to a news release “My time at GXO has been the highlight of my three decades in logistics,” Wilson said in a statement. “We have an outstanding organization that embraces new technologies, keeping us at the forefront of the industry. Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. Wilson was named CEO in August 2021. GXO was formed when XPO Logistics Inc. ( NYSE: XPO ) spun off its logistics business into a separate, publicly traded entity. The newly created company was composed of XPO's North American and European logistics units. According to Bloomberg , GXO's board turned down several acquisition offers aft Show less Read more
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