Brad Jacobs, Chairman and CEO of QXO, Inc., announced he will step down from his chairman roles at XPO, Inc. and GXO Logistics, Inc. , effective December 31, 2025. Jacobs will serve as Senior Advisor to XPO through June 30, 2026.

“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity. We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth,” Jacobs said. “XPO and GXO are in excellent shape and their prospects are very bright.”