
GXO Logistics Announces Leadership Transition

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GXO Logistics announced that Brad Jacobs will step down as Non-Executive Chairman on December 31, 2025, with Patrick Byrne succeeding him. This transition follows significant changes at GXO, including new leadership hires and the acquisition of Wincanton. GXO is positioned for growth, with a Hold rating and $58 price target on its stock. The company is a leading contract logistics provider, benefiting from ecommerce and automation trends.
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