Kerr has joined XPO as chief accounting officer for the North American transportation division, effective immediately. He reports to Jamie Harris, who, as previously announced, will be the chief financial officer of RXO, and currently serves as the chief financial officer, of North American transportation.
Harris said, “Jason has a history of helping to bolster shareholder value by collaborating with functional leaders. He also brings deep analytical capabilities to our team. We have a robust finance organization in place to support RXO in unlocking its full potential as an independent brokered transportation leader.”
Drew Wilkerson, incoming chief executive officer of RXO, and current XPO president, of North American transportation, said, “RXO will spin off as a standalone public company on November 1 with a strong C-suite in place. Our brokerage platform has a long track record of industry leadership as part of XPO, and now we’re positioned to create significantly more value for our customers, employees, and shareholders.”
XPO expects to complete the distribution of RXO shares on November 1, 2022, at which time the new company will trade under the symbol “RXO” on the New York Stock Exchange.