XPO Logistics
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XPO names new CFO for spinoff RXO

Sept. 9, 2022
Transformative and profitable year continues for Connecticut-based XPO as Jamie Harris joins as CFO of the North American transportation division and will lead RXO’s finance operations when the spinoff is complete.

XPO Logistics continued a year of change by announcing this week that Jamie Harris will become chief financial officer of RXO, the planned spinoff of Greenwich, Connecticut-based XPO’s brokered transportation platform.

Harris will join XPO,  No. 9 on the FleetOwner 500 list of Top For-Hire Fleets of 2022, as CFO of the North American transportation division, effective Sept. 26, and will lead RXO’s finance operations when the separation of the two companies is complete later this year. Harris will report to Drew Wilkerson, who will be CEO of RXO and currently serves as president of transportation for North America at XPO.

See also: XPO lifts guidance, plans CEO change

Harris is a career CFO with 35 years of accomplishments in B2B sectors, including two decades with public companies, according to a Sept. 7 release from XPO.

He arrives from global manufacturerSPX Technologies, where he served as CFO and treasurer. Prior to SPX, Harris was CFO and interim CEO of Elevate Textiles and CFO with Coca-Cola Consolidated, the largest independent Coca-Cola franchisee in the U.S. Harris began his career with Ernst & Young LLP.

He holds a master’s degree in business administration from Wake Forest University and a bachelor’s in accounting from Appalachian State University, where he currently serves on the university's board of trustees.

XPO also announced that David Murray has joined the company’s North American transportation division as vice president of financial shared services and will continue to lead financial shared services while serving as treasurer of RXO once the spinoff is complete, according to the release.

Murray’s 22-year career includes positions as head of financial planning and analysis with IAC Group and assistant treasurer with The Mosaic Co. Earlier, Murray served in senior roles with General Motors Corp., primarily in treasury.

He holds bachelor’s and master’s degrees in business administration from the University of Michigan and is a CPA, according to the Sept. 7 release.

Wilkerson said, “In Jamie, we have a veteran CFO who will align our financial strategy with our rapid growth, while David adds key bench strengths. Our RXO C-suite is now nearly complete. I’m extremely pleased with the strong leadership team we’ve created to move our brokerage business toward the planned spin-off as a separate public company.”

XPO continues a transformative 2022

It’s been a busy year at XPO, which in March announced that it would spin off its brokerage from its less-than-truckload business. In July, the company announced the name of the tech-enabled brokerage, RXO. “Our spinoff now has a name—RXO—bringing it one step closer to becoming a stand-alone industry leader,” XPO CEO Brad Jacobs said at the time. “Our best-in-class truck brokerage business will be the keystone of RXO’s asset-light platform, poised to continue to take share of a growing market.”

The spinoff’s largest component will be truck brokerage, with complementary brokered services for managed transportation, last-mile logistics, and global forwarding, XPO announced. Also, in March, XPO leaders named a 10-year company veteran, Lou Amo, as president of RXO.

Last month, XPO announced that it grew its second-quarter operating income by more than 20% from a year ago and raised its full-year profit and cash flow forecasts. The company also announced that its chief information officer and less-than-truckload leader, Mario Harik, would take over as CEO from Jacobs once XPO completes the spinoff of RXO.

In May, XPO executives said the company had produced record first-quarter 2022 profits and revenues, boosted by progress in efforts to make its LTL network more efficient. This after XPO announced in February that it had set fourth-quarter 2021 and yearly earnings records last year.

About the Author

Scott Achelpohl | Managing Editor

I'm back to the trucking and transportation track of my career after some time away freelancing and working to cover the branches of the U.S. military, specifically the U.S. Navy, U.S. Marine Corps, and the U.S. Coast Guard. I'm a graduate of the University of Kansas and the William Allen White School of Journalism there with several years of experience inside and outside business-to-business journalism. I'm a wordsmith by nature, and I edit FleetOwner magazine and our website as well as report and write all kinds of news that affects trucking and transportation.

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