XPO Names Board of Directors for Brokered Transportation Spin-off

September 27, 2022  by HFBusiness Staff in Business Strategy, Industry   

The board will become effective with the closing of the spin-off transaction, which XPO expects to complete in the fourth quarter.

The nine-member board will include three current XPO directors who will resign from the XPO board once the spin-off is complete. In addition, XPO chairman Brad Jacobs will be executive chairman of RXO, but will remain with XPO following the spin-off.

Drew Wilkerson, incoming CEO of RXO, also will be on the board and will resign his post as president of XPO’s North American transportation unit.

The three current XPO directors who will join the new board are:

• AnnaMaria DeSalva has been a director of XPO since September 2017, and vice chair since February 2019. She is global chairman and chief executive officer of Hill+Knowlton Strategies, and the former chief communications officer of DuPont. She will chair the Nominating, Corporate Governance and Sustainability Committee.

• Adrian Kingshott has been a director of XPO since September 2011. He is a managing director with Spotlight Advisors, and the former chief executive officer of AdSon.

• Mary Kissel has been a director of XPO since August 2021. She is an executive vice president and senior policy advisor with Stephens, and a former member of The Wall Street Journal editorial board. She will serve as vice chairman.

The four remaining independent directors are:

• Christine Breves is executive vice president, business transformation and former chief financial officer of U.S. Steel.

• Michelle Nettles is global chief people and culture officer of ManpowerGroup, and former chief people and diversity officer of Molson Coors Brewing Company. She will chair the Compensation Committee and will serve as lead independent director.

• Stephen Renna is a senior managing director of Ankura’s Global Strategic Advisory practice, and former chief banking officer of the U.S. Export Import Bank.

• Thomas Szlosek is chief financial officer of Avantor, and former chief financial officer of Honeywell. He will chair the Audit Committee.

As previously announced, 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. More information can be found on rxo.com.