XPO promotes Mario Harik to CEO; Brad Jacobs becomes executive chairman

XPO, Inc.

Mario Harik named CEO effective upon spin-off or Jan 1, 2023; also appointed to board.
Brad Jacobs transitions to executive chairman from CEO.
Harik's employment agreement: $850k base salary, 200% target bonus, $6.5M promotion PSU award.
Eligible for 2023 long-term incentive of $7.5M (80% PSUs, 20% RSUs).
Harik had been acting president LTL since Oct 2021; previously CIO.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brad Jacobs

executive chairman

XPO · XPO, Inc.

Successor: Mario Harik
Filed: August 5, 2022, 7:59 PM ET

Mr. Harik will succeed Brad Jacobs, who will become executive chairman of the Company effective as of the Promotion Date.

Appointed

Mario Harik

chief executive officer

XPO · XPO, Inc.

Filed: August 5, 2022, 7:59 PM ET

approved the promotion of Mario Harik to the position of chief executive officer of the Company, and his appointment as a member of the Board

Appointed

Mario Harik

president, North American less-than-truckload

XPO · XPO, Inc.

Effective: 2022-08-05
Filed: August 5, 2022, 7:59 PM ET

Mr. Harik has been named president, North American less-than-truckload (“LTL”) effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brad Jacobs changed role as executive chairman at XPO, Inc..

Action: become
Role: executive chairman

Exact text from the filing

Mr. Harik will succeed Brad Jacobs, who will become executive chairman of the Company effective as of the Promotion Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Harik was appointed as chief executive officer at XPO, Inc..

Action: promoted
Role: chief executive officer

Exact text from the filing

approved the promotion of Mario Harik to the position of chief executive officer of the Company, and his appointment as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Harik was named as president, North American less-than-truckload at XPO, Inc..

Action: named
Role: president, North American less-than-truckload

Exact text from the filing

Mr. Harik has been named president, North American less-than-truckload (“LTL”) effective immediately

View on SEC.gov

XPO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-086762

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