GXO CEO to Retire in 2025 as Logistics Firm Reportedly Ends Sale Process [Yahoo! Finance]
XPO, Inc. (XPO)
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Source: Yahoo! Finance
Wilson will remain CEO during the search for his successor. The announcement comes as GXO reportedly ends its sale process, with the company's stock dipping 12% in response. During Wilson's tenure, GXO's revenue grew from $7.9 billion to $11 billion, with significant acquisitions in Europe. The company's future plans include integrating its recent acquisition of Wincanton and accelerating organic growth, with goals of reaching $15.5-16 billion in organic revenue by 2027. GXO CEO Malcolm Wilson is retiring in 2025, four years after he became the contract logistics provider's first chief exec and led it through its spinoff from XPO Logistics Wilson, who had initially been the CEO of XPO's European division ahead of the August 2021 spinoff, will still lead the Greenwich, Conn.-based company during the executive search process to find his successor. More from Sourcing Journal Shuffle Board: Kohl's CEO to Retire, Capri's CEO to Lead Michael Kors Chain Reaction: Brian Bourke of Se
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- FedEx's divestiture of LTL business marks end of conglomerate era [Yahoo! Finance]Yahoo! Finance
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $150.00 to $167.00. They now have a "buy" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at Oppenheimer Holdings Inc. from $148.00 to $176.00. They now have an "outperform" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at JPMorgan Chase & Co. from $146.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $165.00 price target on the stock.MarketBeat
XPO
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- 10/30/24 - Beat
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- 12/3/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- XPO's page on the SEC website