Brad Jacobs to step down from chairman roles at XPO and GXO Logistics

Will Remain chairman and chief executive officer of QXO.

Brad Jacobs, Chairman and CEO of QXO, Inc. (NYSE: QXO), today announced he will step down from his chairman roles at XPO, Inc. (NYSE: XPO) and GXO Logistics, Inc. (NYSE: GXO), effective December 31, 2025. Jacobs will serve as senior advisor to XPO through June 30, 2026.

“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity. We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth,” Jacobs said. “XPO and GXO are in excellent shape and their prospects are very bright.”

About QXO

QXO, Inc. (NYSE: QXO) is the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

About Jacobs Private Equity

Jacobs Private Equity, LLC, the personal investment firm of Brad Jacobs, invests substantial equity capital in companies positioned to create exceptional value. Visit JPE.com for more information. 

Cautionary statement regarding forward-looking statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “intend,” “target,” “believe” or other comparable terminology. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. QXO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.