GREENWICH, Conn. – June 15, 2021 – XPO Logistics, Inc. (NYSE: XPO) today announced that Meagan Fitzsimmons has been appointed to the leadership team of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Fitzsimmons currently serves as XPO’s chief compliance officer for the logistics segment. She will be responsible for GXO’s global ethics and compliance infrastructure when the planned spin-off is complete.
Fitzsimmons has 14 years of senior experience with premier global corporations and law firms. Prior to XPO, she served as chief compliance officer and assistant general counsel for Revlon, Inc., and as senior compliance counsel with the Colgate-Palmolive Company. Earlier, she was an attorney with Paul, Weiss, Rifkind, Wharton & Garrison LLP, and with Williams & Connolly LLP. She holds a juris doctorate degree from Georgetown University Law Center and a bachelor of arts degree from Northwestern University.
Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Meagan’s experience in blue-chip corporate and legal environments is a strong addition to the executive team. GXO’s growth will be supported by high standards of business conduct and risk management.”
As previously announced, XPO expects to spin off its logistics business as a separate, publicly traded company in the third quarter of 2021. As the second largest contract logistics provider in the world, GXO will be well-positioned to capitalize on the big three secular tailwinds of e-commerce growth, customer demand for logistics automation and the burgeoning trend toward supply chain outsourcing. The business currently includes approximately 885 logistics locations in 27 countries.
About XPO Logistics and GXO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics. The company helps more than 50,000 customers manage their supply chains most efficiently, using a network of 1,621 locations in 30 countries and approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers. The company’s corporate headquarters are in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram și YouTube.
About the GXO spin-off
XPO intends to spin off its logistics segment in the third quarter of 2021 as GXO Logistics, creating two, pure-play industry powerhouses. The separation would create independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO would be the second largest contract logistics company in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. For more information, visit gxo.com.
Forward-looking Statements
Acest comunicat de presă include declarații anticipative în sensul Secțiunii 27A din Securities Act of 1933, cu modificările ulterioare, și al Secțiunii 21E din Securities Exchange Act of 1934, cu modificările ulterioare. Toate declarațiile, altele decât cele referitoare la fapte istorice, sunt sau pot fi considerate declarații prospective, inclusiv obiectivul nostru de a reduce TRIR în cadrul operațiunilor noastre din America și Asia-Pacific și LTIR în cadrul operațiunilor noastre din Marea Britanie și Europa. În unele cazuri, declarațiile cu caracter previzional pot fi identificate prin utilizarea unor termeni cu caracter previzional, cum ar fi "anticipa", "estima", "crede", "continuă", "ar putea", "intenționează", "poate", "planifică", "potențial", "prezice", "ar trebui", "va", "se așteaptă", "obiectiv", "proiecție", "prognoză", "scop", "îndrumare", "perspectivă", "efort", "țintă", "traiectorie" sau forma negativă a acestor termeni sau alți termeni comparabili. Cu toate acestea, absența acestor cuvinte nu înseamnă că declarațiile nu sunt prospective. Aceste declarații prospective se bazează pe anumite ipoteze și analize făcute de companie în lumina experienței sale și a percepției sale asupra tendințelor istorice, a condițiilor actuale și a evoluțiilor viitoare preconizate, precum și pe alți factori pe care compania îi consideră adecvați în aceste circumstanțe.
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.
Toate declarațiile anticipative prezentate în acest comunicat de presă sunt calificate de aceste avertismente și nu există nicio garanție că rezultatele sau evoluțiile reale anticipate de noi se vor realiza sau, chiar dacă se vor realiza în mod substanțial, că vor avea consecințele sau efectele așteptate asupra noastră sau asupra activității sau operațiunilor noastre. Declarațiile anticipative prezentate în acest comunicat de presă se referă doar la data prezentului comunicat și nu ne asumăm nicio obligație de a actualiza declarațiile anticipative pentru a reflecta evenimente sau circumstanțe ulterioare, modificări ale așteptărilor sau apariția unor evenimente neanticipate, cu excepția cazului în care acest lucru este cerut de lege.