RXO Names Troy Cooper to Board of Directors

Rhea-AI Summary

RXO (NYSE: RXO), a prominent provider of asset-light transportation solutions, has appointed Troy Cooper to its Board of Directors.

Cooper is a veteran in the transportation industry with over 11 years of experience, particularly in truck brokerage. He joined XPO in 2011, where he launched the Charlotte, N.C., truck brokerage hub in 2012 and eventually rose to roles including chief operating officer and president of global operations.

Cooper also has significant experience from his tenure at United Rentals and United Waste Systems. With Cooper's appointment, RXO's board now comprises nine directors, six of whom are independent.

Positive

• Appointment of Troy Cooper, enhancing executive team with vast industry experience.
• Cooper's background in truck brokerage and operational growth could drive RXO forward.
• Cooper's previous roles in XPO and United Rentals imply strong leadership capabilities.
• The board now includes nine directors, with a majority being independent, which is favorable for governance.

Negative

• No immediate financial or operational benefits were disclosed, making it hard to assess short-term impact.
• Cooper's retirement in 2022 might raise questions about his long-term commitment and energy levels.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the appointment of Troy Cooper to its Board of Directors.

Brad Jacobs, non-executive chairman of RXO said, "Troy's deep understanding of the truck brokerage industry, coupled with his impressive operational and financial expertise, will be tremendous assets to both the RXO board and the company."

Cooper is a transportation industry veteran with more than 11 years of experience in supply chain operations, including brokerage. He joined XPO in September 2011 as the senior vice president of operations and launched the company’s Charlotte, N.C., truck brokerage hub (now part of RXO) in 2012. Later, Cooper was promoted to chief operating officer and then chief executive officer of XPO Logistics Europe. In April 2018, he was named president of XPO’s global operations. During his tenure with the company, Cooper played an integral role in driving XPO’s growth. He retired from XPO in 2022.

Earlier in his career, Cooper served as the vice president and group controller at United Rentals where he played an instrumental role in the integration of more than 200 acquisitions across North America. He also served as the division controller at United Waste Systems. Cooper began his career in public accounting at Arthur Anderson. He graduated from Marietta College with a degree in accounting.

With the addition of Cooper, the RXO board now has nine directors, six of whom are independent.

For more information on RXO, visit www.rxo.com.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240614177737/en/

Media

Erin Kelly

erin.kelly@rxo.com

Source: RXO

FAQ

What recent appointment did RXO announce?

RXO recently appointed Troy Cooper to its Board of Directors.

Why did RXO appoint Troy Cooper to the Board of Directors?

RXO appointed Troy Cooper due to his extensive experience in the transportation industry and operational expertise.

What is Troy Cooper’s background in the transportation industry?

Troy Cooper has over 11 years of experience in supply chain operations and truck brokerage, including senior roles at XPO.

How many directors are on the RXO Board after Troy Cooper’s appointment?

After Troy Cooper’s appointment, the RXO Board comprises nine directors.