GXO CEO Malcolm Wilson to retire in 2025; board begins search for successor

GXO Logistics, Inc.

Wilson will continue as CEO during executive search process for his successor.
Severance includes three additional $1M payments subject to non-compete and pro-rated RSU vesting.
Shares worth $1M from RSUs locked up until December 3, 2026.
Under Wilson, revenue grew from $7.9B (2021) to $11B (TTM Sep 2024); adjusted EBITDA from $633M to $757M.
Wilson led acquisitions of Clipper Logistics and Wincanton during his tenure.

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