XPO Logistics, Inc. announced that Angus Tweedie has been appointed to the leadership team of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Tweedie will join XPO later this month and become senior vice president, strategy for GXO when the planned spin-off is complete. Working with Mark Manduca, GXO’s chief investment officer, Tweedie’s responsibilities will include analyzing growth opportunities for GXO, as well as communicating the company’s investment rationale to the global investment community.
Tweedie has led two highly ranked research teams in Europe: Citigroup’s European automotive research and Bank of America Merrill Lynch’s travel and leisure research. He also led TMT research for Macquarie Securities Group in London. Tweedie holds a degree in history from the University of Edinburgh in Scotland.
Brad Jacobs, chairman and chief executive officer, said, “Angus is a highly successful analyst with vast experience leading high-performing teams. He’s a hands-on professional who will fit in perfectly with GXO’s world-class management team.”
As previously announced, XPO expects to spin off its logistics business as a separate, publicly traded company in the second half of 2021. As the second largest contract logistics provider in the world, GXO will be well-positioned to capitalize on the big three secular tailwinds of e-commerce growth, customer demand for logistics automation and the burgeoning trend toward supply chain outsourcing. The business currently includes approximately 885 logistics locations in 27 countries.
