Brad Jacobs, the chief executive officer of QXO, announced that he will step down from his chairman positions at XPO Logistics and GXO Logistics, effective December 31, 2025. Jacobs will remain a senior advisor to XPO through June 30, 2026, while Mario Harik will assume the chairman role at XPO and Patrick Byrne will become GXO’s non‑executive chairman.
The move marks the end of Jacobs’ long‑standing leadership at two of the largest logistics firms he founded. XPO, which he grew into a global freight and supply‑chain services provider, and GXO, a specialty logistics company, have both performed solidly in recent years. GXO’s stock has risen 8.76 % over the last 52 weeks, reflecting steady demand for its niche services. Jacobs’ focus will now be on QXO, a building‑products distribution company he launched in 2022 that has set an ambitious goal of reaching $50 billion in revenue through a combination of acquisitions and organic growth.
QXO’s financials underscore the urgency of Jacobs’ new focus. For the nine months ended September 30, 2025, the company reported net sales of approximately $4.6 billion, up from roughly $3.5 billion a year earlier, a growth rate that reflects the impact of the $11 billion acquisition of Beacon Roofing Supply. The acquisition has expanded QXO’s product portfolio and geographic reach, positioning it to capture a larger share of the $800 billion building‑products distribution market.
Jacobs said that XPO and GXO are “in excellent shape and their prospects are very bright,” and that stepping down will allow him to dedicate more energy to QXO and Jacobs Private Equity. He emphasized that QXO’s strategy centers on technology, with AI‑driven quoting, machine‑learning demand forecasting, and digitized warehouses and transportation systems. Jacobs’ track record of scaling companies through consolidation and technology‑driven operational improvements—demonstrated at United Rentals and XPO—provides confidence that QXO can accelerate toward its $50 billion target.
The announcement signals a strategic realignment that could accelerate QXO’s growth trajectory while ensuring that XPO and GXO continue to benefit from experienced leadership. Jacobs’ departure from the boards removes a potential distraction, allowing him to focus on executing QXO’s expansion plans and technology initiatives, which are critical to achieving its long‑term revenue goals.
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