XPO Logistics Announces SVP of Strategy for Spinoff GXO

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XPO Logistics Inc. has appointed Angus Tweedie to be the senior vice president of strategy for its upcoming spinoff company GXO Logistics, the company announced May 19.

Tweedie will be responsible for analyzing growth opportunities for the new company as well as communicating its investment rationale to the global investment community, XPO said. He will work closely with Mark Manduca, who was selected to serve as GXO’s chief investment officer.

“Angus is a highly successful analyst with vast experience leading high-performing teams,” Brad Jacobs, chairman and CEO of XPO, said in a statement. “He’s a hands-on professional who will fit in perfectly with GXO’s world-class management team.”

Tweedie

XPO plans to spin off its logistics business as a separate publicly traded company in the second half of the year. The company first announced those plans in December 2020.

GXO will be, according to XPO, the second-largest contract logistics provider in the world.

The operations currently include approximately 890 locations in 27 countries.

Tweedie is joining XPO but will transition to GXO once the spinoff is complete.

Tweedie previously led two research teams in Europe including Citigroup’s European automotive research and Bank of America Merrill Lynch’s travel and leisure research. He also led TMT research for Macquarie Securities Group in London.

XPO ranks No. 2 on the Transport Topics Top 50 list of the largest logistics companies in North America. — Transport Topics

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