XPO board member Jason Papastavrou to resign on spin-off close; expected to join GXO board

XPO, Inc.

Jason Papastavrou to resign from XPO board effective at closing of previously announced GXO spin-off.
He is expected to be appointed to GXO's board, conditioned upon the spin-off closing.
Spin-off of logistics segment into GXO Logistics, Inc. was previously announced; no timing update.

item 5.02

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Departed

Jason Papastavrou

member of the board of directors

XPO · XPO, Inc.

Filed: July 20, 2021, 7:59 PM ET

On July 19, 2021, XPO Logistics, Inc. (“XPO” or the “company”) announced that Jason Papastavrou plans to resign as a member of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company’s previously announced proposed spin-off (the “Spin-Off”) of GXO Logistics, Inc. (“GXO”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Papastavrou departed as member of the board of directors at XPO, Inc..

Action: resign
Role: member of the board of directors

Exact text from the filing

On July 19, 2021, XPO Logistics, Inc. (“XPO” or the “company”) announced that Jason Papastavrou plans to resign as a member of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company’s previously announced proposed spin-off (the “Spin-Off”) of GXO Logistics, Inc. (“GXO”).

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Source: SEC EDGAR

accession 0001104659-21-093734

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