XPO Logistics, Inc. (NYSE: XPO) heeft vandaag de benoeming van Angus Tweedie aangekondigd als lid van het management team van GXO Logistics, Inc.de voorgenomen spin-off van de logistieke activiteit van XPO. Angus Tweedie vervoegt XPO later deze maand en wordt daarna Senior Vice President Strategy van GXO nadat de geplande splitsing is voltooid. In samenwerking met Mark Manduca, GXO's chief investment officer, wordt Tweedie onder meer verantwoordelijk voor een doorlichting van de groeimogelijkheden van GXO en voor de communicatie van het nieuwe bedrijf naar de internationale investeerders.
Angus Tweedie heeft twee vooraanstaande research teams in Europa geleid: Citigroup's European automotive research en Bank of America Merrill Lynch's travel and leisure research. Tweedie heeft ook research in TMT geleid voor Macquarie Securities Group in Londen. Angus behaalde een diploma Geschiedenis aan de University of Edinburgh in Schotland.
Brad Jacobs, Chairman en Chief Executive Officer, verklaart, “Angus is een zeer succesvol analyst met een ruime ervaring aan het hoofd van uitmuntend presterende teams. Hij is een hands-on professional die perfect aansluit om van het bestuur van GXO een management team van wereldklasse te maken.”
Zoals eerder aangekondigd, zal XPO naar verwachting in de tweede helft van 2021 haar logistieke activiteit verzelfstandigen onder de vorm van een afzonderlijke beursgenoteerde vennootschap. Als tweede grootste 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 voor 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 XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world. The company is the second largest contract logistics provider and the second largest freight broker globally, and a top three less-than-truckload provider in North America. XPO uses a highly integrated network of 1,621 locations in 30 countries to serve more than 50,000 customers. Approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers, help XPO’s customers manage their supply chains most efficiently. The company’s corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram en YouTube.
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.
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