XPO Logistics, Inc. (NYSE: XPO), een leidende, wereldwijde leverancier van transport- en logistieke oplossingen, heeft vandaag de benoeming van Karlis Kirsis aangekondigd als Chief Legal Officer van GXO Logistics, Inc., de voorgenomen spin-off van de logistieke activiteit van XPO. Karlis Kirsis is op het ogenblik Senior Vice President en European Chief Legal Officer van XPO Logistics Europe. Hij wordt verantwoordelijk voor juridische en de nalevingsfuncties van GXO, inclusief wat betreft corporate governance, beheer van geschillen en handelsaangelegenheden.
Na zijn komst bij XPO in 2016 als Vice President en Corporate and Securities Counsel, werd Karlis Kirsis later Senior Vice President en Corporate Counsel van het bedrijf. Daarvoor werkte hij 10 jaar in New York en Londen als Senior Corporate Associate van Skadden, Arps, Slate, Meagher & Flom LLP, waar hij internationale fusies en acquisities en financiële bedrijfstransacties heeft begeleid. Karlis Kirsis is gediplomeerd doctor in de rechten van de New York University School of Law en heeft een bachelorgraad van het Amherst College.
Brad Jacobs, Chairman en Chief Executive Officer van XPO Logistics, verklaart: “Karlis heeft een brede ervaring in bedrijfs- en juridische omgevingen van wereldformaat, met name bij logistieke bedrijven. Dat is een troef van belang voor GXO, waar hij zal bijdragen tot het in lijn brengen van de juridische werking met de strategische, baanbrekende doelstellingen van het bedrijf.”
Zoals eerder aangekondigd, zal XPO naar verwachting op 2 augustus 2021 haar logistieke activiteit verzelfstandigen onder de vorm van een afzonderlijke beursgenoteerde vennootschap. Als grootste pure-play contractlogistieke leverancier ter wereld zal GXO perfect zijn geplaatst om in te spelen op de drie belangrijke drijvende factoren in de logistieke sector: de groei van de e-commerce, de stijgende vraag naar automatisering bij klanten en de snel opkomende trend naar uitbesteding van supply chain diensten. De toekomstige activiteit van GXO omvat momenteel nagenoeg 885 logistieke locaties in 27 landen.
About the GXO Spin-Off
XPO expects to spin off its logistics segment on August 2, 2021, creating two, pure-play industry powerhouses. The separation will create two independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO will be the largest pure-play contract logistics provider in the world, and XPO will be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. Completion of the spin-off is subject to various conditions, and there can be no assurance that the transaction will occur or, if it does occur, of its terms or timing. Visit gxo.com for more information.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics. The company helps more than 50,000 customers manage their supply chains most 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 corporate headquarters are in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram en YouTube.
Forward-looking Statements
This press release includes 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 deemed to be, forward-looking statements, including the statements above regarding 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,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms 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 analyses 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 the company believes are appropriate in the circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: economic conditions generally; the severity, magnitude, duration and aftereffects of the COVID-19 pandemic and government responses to the COVID-19 pandemic; our ability to align our investments in capital assets, including equipment, service centers and warehouses, to our customers’ demands; our ability to implement our cost and revenue initiatives; our ability to successfully integrate and realize anticipated synergies, cost savings and profit improvement opportunities with respect to acquired companies; matters related to our intellectual property rights; fluctuations in currency exchange rates; fuel price and fuel surcharge changes; natural disasters, terrorist attacks or similar incidents; risks and uncertainties regarding the potential timing and expected benefits of the proposed spin-off of our logistics segment, including final approval for the proposed spin-off and the risk that the spin-off may not be completed on the terms or timeline currently contemplated, if at all; the impact of the proposed spin-off on the size and business diversity of our company; the ability of the proposed spin-off to qualify for tax-free treatment for U.S. federal income tax purposes; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; our substantial indebtedness; our ability to raise debt and equity capital; 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 matters, including our ability to manage our subcontractors, and risks associated with labor disputes at our customers and efforts by labor organizations to organize our employees; litigation, including litigation related to alleged misclassification of independent contractors and securities class actions; risks associated with our self-insured claims; risks associated with defined benefit plans for our current and former employees; and governmental regulation, including trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the United Kingdom’s exit from the European Union; and competition and pricing pressures.