XPO Logistics, the global provider of transportation and logistics solutions, has announced the leadership team members for its spin-off logistics segment.
First announced in December 2020, the “uncoupling” of the firm’s logistics department is intended to stipulate secular growth through two “high-performing” companies.
As a part of the transition, Malcolm Wilson, currently CEO at XPO Logistics Europe, will take on the position as CEO of the new company’s global business.
Meanwhile, Richard Cawston and Ashfaque Chowdhury will shift their respective responsibilities as supply chain logistics presidents for Europe, and the Americas and Asia Pacific, to the new company.
Brad Jacobs, who will chair the new board of directors, said: “Malcolm, Richard and Ashfaque are highly innovative leaders who are recognised as best-in-class by blue-chip customers.
“This team has worked together for years, and is ideally suited to unlock the growth opportunities in the standalone company.”
He added: “They have a long track record of creating sustainable value in the business through sophisticated operations, including advanced automation and digital warehouse management.”
Upon completion of the planned transition, the new company will become the second largest contract logistics provider in the world.