XPO Logistics Announces Troy Cooper to Step Down as President

Rhea-AI Summary

XPO Logistics (NYSE: XPO) announced on January 3, 2022, that Troy Cooper has stepped down from his role as president, effective December 27, 2021. Cooper will remain with the company as a senior advisor until June 30, 2022. CEO Brad Jacobs noted that Cooper's departure aligns with XPO's transformation into a pure-play transportation company following the GXO spin-off. Mario Harik will serve as acting president of less-than-truckload operations, while Drew Wilkerson and Luis Gomez will lead North America and European transport, respectively.

Positive

• Troy Cooper will continue as a senior advisor until June 30, 2022, providing continuity during the transition.
• XPO is well-positioned with strong leadership across its business lines.

Negative

• Troy Cooper's departure may create uncertainty within the company during the leadership transition.

GREENWICH, Conn., Jan. 03, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that Troy Cooper has stepped down from his role as president, effective December 27, 2021. Mr. Cooper will continue working with the company as a senior advisor through June 30, 2022.

“With the spin-off of GXO earlier this year, and in light of the progress we’ve made transforming XPO into a pure-play transportation company, Troy and I agreed this was a natural time for him to step down,” said Brad Jacobs, chairman and chief executive officer. “Troy’s contributions over the past decade have been invaluable, particularly his efforts driving the growth of our best-in-class truck brokerage business from its earliest days and his leadership of our European operations from 2015 to 2017.

“We’re very well positioned with strong leaders in each of our business lines, with Mario Harik as acting president of less-than-truckload, Drew Wilkerson leading North America transportation, and Luis Gomez leading Europe transport,” Jacobs continued. “I’m grateful Troy will continue to provide counsel to me and our leadership team over the next six months, and we wish him all the very best going forward.”

Mr. Cooper said, “It’s been an honor to work with the team as we’ve built XPO into a leading freight transportation services provider. The leadership team we’ve assembled is the best in the industry, and it’s gratifying knowing that the business is in excellent hands and our prospects are so bright.”

About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily truck brokerage and less-than-truckload (LTL). XPO uses its proprietary technology, including the cutting-edge XPO Connect^® automated freight marketplace, to move goods efficiently through supply chains. The company’s global network serves 50,000 shippers with 756 locations and approximately 42,000 employees, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Investor Contact
Tavio Headley
+1-203-413-4006
tavio.headley@xpo.com

Media Contact
Joe Checkler
+1-203-423-2098
joe.checkler@xpo.com

FAQ

Why did Troy Cooper leave XPO Logistics?

Troy Cooper stepped down as president to allow for a new leadership phase following XPO's transformation into a pure-play transportation company.

Who will lead XPO Logistics after Troy Cooper's departure?

Mario Harik will serve as acting president of less-than-truckload operations, with Drew Wilkerson and Luis Gomez leading North America and Europe transport, respectively.

What is the impact of the leadership change at XPO Logistics?

The leadership change may create temporary uncertainty, but strong leaders remain in place, ensuring operational continuity.

When did Troy Cooper officially leave XPO Logistics?

Troy Cooper's official departure date was December 27, 2021.

What role will Troy Cooper have after stepping down?

After stepping down, Troy Cooper will remain as a senior advisor until June 30, 2022.