Who’s on the move: October 10, 2022

RXO

The inaugural board of directors for the planned spin-off of XPO Logistics’s brokered transportation platform, RXO. Seven of RXO’s nine directors qualify as independent. The board appointments have been finalized as follows: Brad Jacobs will serve as non-executive chairman of RXO. Jacobs is currently XPO’s chairman and CEO, and will remain with XPO as executive chairman when the separation is complete. Drew Wilkerson will serve on the board in addition to leading RXO as chief executive officer. Wilkerson is currently XPO’s president, North American transportation, and a former truck brokerage executive with C.H. Robinson.

Three current XPO directors will join the RXO board as independent directors at the time of the separation, following their planned resignation from the XPO board: AnnaMaria DeSalva has been a director of XPO since September 2017, and vice-chair since February 2019. She is global chair and CEO of Hill+Knowlton Strategies, and the former chief communications officer of DuPont. Adrian Kingshott has been a director of XPO since September 2011. He is a managing director with Spotlight Advisors, and the former CEO of AdSon. Mary Kissel has been a director of XPO since August 2021. She is an executive vice-president and senior policy advisor with Stephens, and a former member of The Wall Street Journal editorial board. She will serve as vice-chair.

Four additional independent directors have been named to the board: Christine Breves is executive vice-president, business transformation and former chief financial officer of U.S. Steel. Michelle Nettles is global chief people and culture officer of ManpowerGroup, and former chief people and diversity officer of Molson Coors Brewing Company. Stephen Renna is a senior managing director of Ankura’s Global Strategic Advisory practice, and former chief banking officer of the U.S. Export Import Bank. Thomas Szlosek is chief financial officer of Avantor, and former chief financial officer of Honeywell.