XPO, GXO Chairman Brad Jacobs handing off roles

Core Insights - Brad Jacobs, CEO and chairman of XPO Logistics, is stepping down from his positions at the end of the year, transitioning to a special advisor role until June 30, 2026 [6] - Jacobs has been instrumental in XPO's growth since 2011, leading significant acquisitions and the spin-off of GXO and RXO, positioning the companies for future success [3][4] Company Developments - Jacobs began his tenure at XPO with a $150 million investment, aiming to establish the company as a leading expedited trucking business in the U.S. [3] - Under Jacobs' leadership, XPO expanded to over 50,000 customers following the acquisition of Conway in 2015 [3] - The company evolved into a multibillion-dollar operation, successfully spinning off GXO in 2021 and RXO in 2022, focusing on contract logistics and brokerage [4] Leadership Transition - Mario Harik will take over as CEO of XPO, while Patrick Byrne will assume the non-executive chairman role at GXO Logistics [6] - Jacobs expressed confidence in the leadership team and the future growth prospects of both XPO and GXO [4][6]