XPO Hires Jamie Harris as CFO of Brokered Transportation Spin-off

September 7, 2022  by HFBusiness Staff in Business Strategy, Industry   

Harris will join XPO as chief financial officer of the North American transportation division, effective Sept. 26, and will lead RXO’s finance operations when the separation is complete. He will report to Drew Wilkerson, who, as previously announced, will be chief executive officer of RXO, and currently serves as president, transportation – North America.

Harris is a career CFO with 35 years of experience in B2B sectors, including two decades with public companies. He joins XPO from global manufacturer SPX Technologies, where he served as CFO and treasurer. Prior to SPX, Harris was CFO and interim CEO with Elevate Textiles, Inc., and CFO with Coca-Cola Consolidated, the largest independent Coca-Cola franchisee in the United States.

He began his career with Ernst & Young LLP. Harris holds a master’s degree in business administration from Wake Forest University and a bachelor’s degree in accounting from Appalachian State University, where he currently serves on the board of trustees.

In addition, XPO announced that David Murray has joined XPO’s North American transportation division as vice president, financial shared services, effective immediately, and will continue to lead financial shared services while serving as treasurer of RXO once the spin-off is complete.

Murray’s 22-year career includes positions as head of financial planning and analysis with IAC Group, and assistant treasurer with The Mosaic Company. Earlier, he served in senior roles with General Motors Corporation, primarily in treasury. He holds a bachelor’s degree and a master’s degree in business administration from the Stephen M. Ross School of Business at the University of Michigan and is a certified public accountant.

Last week, the company announced that Jeff Firestone, a longtime UPS executive, would head the RXO legal team.

“In Jamie, we have a veteran CFO who will align our financial strategy with our rapid growth, while David adds key bench strengths,” Wilkerson said. “Our RXO C-suite is now nearly complete. I’m extremely pleased with the strong leadership team we’ve created to move our brokerage business toward the planned spin-off as a separate public company.”

XPO intends to spin off its asset-light brokered transportation platform from its asset-based less-than-truckload business, creating two separate, publicly traded companies with vast growth prospects in North America. XPO expects to complete the spin-off in the fourth quarter of 2022.