XPO Logistics, Inc. (NYSE: XPO) heeft vandaag aangekondigd dat Bill Fraine zal worden benoemd als Chief Commercial Officer van GXO Logistics, Inc., de voorgenomen spin-off van de logistieke activiteit van XPO. Bill Fraine wordt verantwoordelijk voor de belangrijkste go-to-market activiteiten van GXO, met aandacht voor het afstemmen van groei en waardecreatie op lange termijn, eens de geplande splitsing is voltooid.
Fraine kwam in 2011 bij XPO als Head of Operations and Account Management, en is momenteel Division President Supply Chain voor Noord- en Zuid-Amerika en Azië-Pacific. Hij heeft het integratieproces geleid na verscheidene bedrijfsovernames door XPO en de bedrijfsactiviteiten in Noord-Amerika geherstructureerd volgens verticale gebruikersmarkten. Voor zijn komst bij XPO heeft Fraine 23 jaar voor FedEx gewerkt, waar hij opklom van eerstelijns afhandelaar tot Hoofd Sales.
Vanaf dag één zal GXO kunnen starten met een sterk klantenbestand, waaronder 30% Fortune 100 bedrijven. Fraine zal toezien op alle aspecten van de verkoopstrategie van GXO op essentiële verticale markten zoals e-commerce, retail, kleding en elektronische consumentenproducten.
Brad Jacobs, Chairman en Chief Executive Officer, verklaart: “Bill heeft alle kwaliteiten van een voortreffelijke CCO – en heeft dat tijdens zijn loopbaan ruimschoots bewezen. Het verheugt mij dat hij de inspanningen van GXO gaat leiden om de lange-termijn relaties met bestaande klanten te verstevigen en nieuwe omzet te verwerven bij andere gevestigde bedrijven.”
Zoals eerder aangekondigd, zal XPO naar verwachting in de tweede helft van 2021 haar logistieke activiteit verzelfstandigen onder de vorm van een afzonderlijke beursgenoteerde vennootschap. Als tweede grootste contractlogistieke leverancier ter wereld zal GXO ideaal zijn geplaatst om in te spelen op drijvende factoren in de logistieke sector, zoals de toenemende e-commerce, de groeiende vraag voor automatisering bij klanten en de snel opkomende trend naar uitbesteding van supply chain diensten. De logistieke activiteit van XPO omvat momenteel nagenoeg 890 locaties in 27 landen.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world. The company operates as a highly integrated network of people, technology and physical assets in 30 countries, with 1,629 locations and more than 100,000 employees. XPO uses its network to help more than 50,000 customers manage their goods most efficiently throughout their supply chains. XPO’s corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram en YouTube.
Forward-looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including the statements above regarding plans, benefits and timing of the contemplated spin-off transaction. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by the company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the company believes are appropriate in the circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: economic conditions generally; the severity, magnitude, duration and aftereffects of the COVID-19 pandemic and government responses to the COVID-19 pandemic; our ability to align our investments in capital assets, including equipment, service centers and warehouses, to our customers’ demands; our ability to implement our cost and revenue initiatives; our ability to successfully integrate and realize anticipated synergies, cost savings and profit improvement opportunities with respect to acquired companies; matters related to our intellectual property rights; fluctuations in currency exchange rates; fuel price and fuel surcharge changes; natural disasters, terrorist attacks or similar incidents; risks and uncertainties regarding the potential timing and expected benefits of the proposed spin-off of our logistics segment, including final approval for the proposed spin-off and the risk that the spin-off may not be completed on the terms or timeline currently contemplated, if at all; the impact of the proposed spin-off on the size and business diversity of our company; the ability of the proposed spin-off to qualify for tax-free treatment for U.S. federal income tax purposes; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; our substantial indebtedness; our ability to raise debt and equity capital; fluctuations in fixed and floating interest rates; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract and retain qualified drivers; labor matters, including our ability to manage our subcontractors, and risks associated with labor disputes at our customers and efforts by labor organizations to organize our employees; litigation, including litigation related to alleged misclassification of independent contractors and securities class actions; risks associated with our self-insured claims; risks associated with defined benefit plans for our current and former employees; and governmental regulation, including trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the United Kingdom’s exit from the European Union; and competition and pricing pressures.
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