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Eduardo Pelleissone appointed President, Americas and Asia-Pacific
Neil Shelton appointed Chief Strategy Officer
GREENWICH, Connecticut, June 08, 2021 (GLOBE NEWSWIRE) – XPO Logistics, Inc. (NYSE: XPO) today announced two more appointments to the leadership team of GXO Logistics, the planned split of XPO’s logistics business. Eduardo Pelleissone has been appointed President of GXO’s Americas and Asia-Pacific operations, and Neil Shelton has been appointed Chief Strategy Officer. The positions become effective at the end of the split, which is expected to take place in the third quarter of this year.
Eduardo Pelleissone has more than 20 years of experience leading multinational operations in the food, logistics and transport sectors. He joined XPO in 2020 as Chief Transformation Officer, having previously served as Executive Vice President of Global Operations and Chief Operating Officer for Kraft Heinz Company. Previously, he held the positions of Managing Director and COO for rail logistics leader America Latina Logistica SA (ALL). Pelleissone holds a master’s degree in logistics, operations and services from the COPPEAD Graduate School of Business in Brazil. He recently replaced Ashfaque Chowdhury as President of XPO’s logistics activities in the Americas and Asia-Pacific.
Neil Shelton will use his experience working with top investment firms to engage with GXO’s global investor audience on the company’s strategy and growth opportunities. His 25-year career includes sales manager specializing in technology, media and telecommunications at JP Morgan Chase in London, and previous positions at Credit Suisse, Citigroup and Arthur Andersen. Shelton has led multiple # 1 ranked research teams and has been consistently ranked # 1 in Specialty Selling by Institutional Investor, and has piloted over 10 IPOs including Autotrader, Cellnex, Delivery Hero, Hello Fresh and Zalando in Europe. He holds a degree in industrial economics from the University of Nottingham in Great Britain.
Brad Jacobs, President and CEO of XPO Logistics, said, “Eduardo and Neil are experts in their fields, with a strong track record of delivering results for businesses around the world. We are delighted to add these two accomplished executives to the GXO leadership team.
As previously announced, XPO plans to transform its logistics business into a separate listed company. As the second largest contract logistics provider in the world, GXO will be well positioned to capitalize on the three great secular tailwinds of e-commerce growth, customer demand for logistics automation and the emerging trend. supply chain outsourcing. The company currently has around 885 logistics sites in 27 countries. The completion of the Split is subject to various conditions, and there can be no assurance that the Transaction will occur or, if it does occur, its terms or timing.
About XPO Logistics and GXO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the world’s most successful businesses, with two lines of business: transportation and logistics. The company helps more than 50,000 customers manage their supply chains more 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 head office is in Greenwich, Connecticut, United States, and its European head office is in Lyon, France. Visit xpo.com for more information and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and Youtube.
About the spin-off
XPO intends to split its logistics segment in the third quarter of 2021 under the name GXO Logistics, creating two purely industrial powers. The separation would create independent public companies with distinct investment identities and service offerings in large 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 LTL and truck brokerage. For more information visit gxo.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be considered to be, forward-looking statements, including the above statements regarding the plans, benefits and timing of the contemplated spin-off transaction. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate”, “estimate”, “believe”, “continue”, “could”, “intend”, “could”. , “” Plan “,” potential “,” predict “,” should “,” will “,” expect “,” goal “,” projection “,” forecast “,” goal “,” direction “,” perspectives ”,“ effort, “target”, “trajectory” or the negative of these or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyzes made by the company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the company deems appropriate in the future. circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions which may cause actual results, levels of activity, performance or achievements to differ materially from future results, levels of activity, performance or achievements. expressed or implied by these forward-looking statements. Factors that could cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: general economic conditions; the severity, magnitude, duration and aftermath of the COVID-19 pandemic and government responses to the COVID-19 pandemic; our ability to align our investments in fixed assets, including equipment, service centers and warehouses, with the demands of our customers; our ability to implement our cost and revenue initiatives; our ability to integrate and successfully realize anticipated synergies, cost savings and profit improvement opportunities with respect to the acquired companies; matters relating to our intellectual property rights; fluctuations in exchange rates; changes in the price of fuel and the fuel surcharge; natural disasters, terrorist attacks or similar incidents; risks and uncertainties regarding the potential timing and expected benefits of the proposed split of our logistics segment, including the final approval of the proposed split and the risk that the split will not be completed on the terms or schedule currently contemplated , if applicable; the impact of the proposed split on the size and diversity of our business activities; the ability of the proposed spin-off to receive tax-exempt treatment for US federal income tax purposes; our ability to develop and implement appropriate IT systems and to prevent failures or violations of such systems; our substantial debt; our ability to raise debt and equity; 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 issues, including our ability to manage our subcontractors, and the risks associated with labor disputes at our customers and the efforts of labor organizations to organize our employees; litigation, including litigation relating to alleged misclassification of independent contractors and securities class actions; the risks associated with our self-insured claims; the risks associated with defined benefit plans for our current and former employees; and government regulations, including trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the withdrawal of the United Kingdom from the European Union; and competition and price pressures.
All forward-looking statements set forth in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments that we anticipate will materialize or, even if they materialize substantially, that they will have the expected consequences or effects. about us or our business or operations. The forward-looking statements set forth in this press release speak only as of the date hereof, and we assume no obligation to update any forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unforeseen events, except to the extent required by law.
XPO Logistics, Inc.
XPO Logistics, Inc.