XPO Announces Appointment of Kyle Wismans as Chief Financial Officer

Rhea-AI Summary

XPO (NYSE: XPO) announces Kyle Wismans as new CFO effective August 11, 2023, succeeding Carl Anderson. Wismans, a seasoned finance leader, has been instrumental in executing spin-offs and LTL growth strategy. Mario Harik, CEO of XPO, expects a seamless transition. Wismans brings 17 years of experience with global public companies, including General Electric and Baker Hughes.

Positive

• Kyle Wismans' promotion reflects XPO's confidence in his leadership and financial expertise, indicating stability and continuity in the company's financial management.
• The seamless transition between Wismans and Anderson demonstrates strong succession planning and organizational stability within XPO.

Negative

• None.

GREENWICH, Conn., July 19, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced the promotion of Kyle Wismans to the position of chief financial officer, effective August 11, 2023. Wismans currently serves as XPO’s senior vice president, revenue management and finance, after joining the company in 2019 as senior vice president, financial planning and analysis. He will succeed CFO Carl Anderson, who is stepping down to rejoin a former colleague in an industry where he worked for over a decade. 

Mario Harik, chief executive officer of XPO, said, “We expect this transition to be a seamless hand-off between two senior executives in our organization. Kyle is a seasoned finance leader who has been instrumental in the execution of our two spin-offs and our LTL growth strategy. Carl has made many contributions to XPO, and I have no doubt that he’ll continue to be successful in this next step of his career.”

Wismans has held numerous senior financial positions during his 17-year career with global public companies. Prior to XPO, he was an executive with General Electric Company and Baker Hughes for over a decade, including leadership positions as head of global financial planning and analysis for two divisions, chief financial officer for the oil and gas pressure control business, as well as senior responsibilities with the global audit staff. He holds a degree in business administration from the University of Michigan, Stephen M. Ross School of Business.

About XPO

XPO (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Together with its business in Europe, XPO serves approximately 48,000 customers with 558 locations and 38,000 employees. The company is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Media Contact

Karina Frayter

+1-203-484-8303

karina.frayter@xpo.com

Investor Contact
Brian Scasserra
+1 617-607-6429
brian.scasserra@xpo.com

FAQ

What is the ticker symbol of XPO?

The ticker symbol of XPO is NYSE: XPO.

When will Kyle Wismans assume the position of chief financial officer at XPO?

Kyle Wismans will become the CFO of XPO on August 11, 2023.

What is Kyle Wismans' background and experience?

Kyle Wismans has 17 years of experience with global public companies, including leadership positions at General Electric and Baker Hughes.

Who is Kyle Wismans succeeding as CFO of XPO?

Kyle Wismans is succeeding Carl Anderson as the CFO of XPO.