QXO, Inc. announced the appointment of Michael DeWitt as chief procurement officer, effective immediately. Mr. DeWitt will lead the company’s procurement transformation as QXO scales to become a tech-enabled leader in the $800 billion building products distribution industry. He joins QXO from Walmart International, where he managed $10 billion in purchasing and digital transformation across 18 countries.
Mr. DeWitt's nearly three decades of experience include pioneering AI in sourcing and driving billions in savings, which are expected to unlock significant value through procurement at QXO. Chairman and CEO Brad Jacobs stated that Mr. DeWitt has redefined best-in-class procurement, building global teams that outperform. This strategic hire is vital for optimizing operational efficiencies and expanding margins across QXO's growing platform, particularly following its major acquisitions.
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