Brad Jacobs, chairman and chief executive officer of QXO Inc., said Monday that he will step down from his chairman roles at XPO Inc. and GXO Logistics Inc., effective Dec. 31, as he refocuses his efforts on building QXO into a large-scale player in building products distribution.
Jacobs will continue to support XPO in a transitional role as senior advisor through June 30 but will fully exit the boards of both XPO and GXO at the end of the year.
The move formalizes Jacobs’ shift away from the logistics businesses he built over the past decade and toward QXO, a publicly traded platform designed to consolidate the fragmented building materials distribution sector through acquisitions and organic growth.
“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity,” Jacobs said in a statement. “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 well positioned for continued growth, adding that both companies are “in excellent shape.”
Jacobs is widely known for assembling XPO through a series of acquisitions and later separating the company into distinct logistics businesses. In 2022, XPO spun off GXO as a pure-play contract logistics provider, while XPO sharpened its focus on less-than-truckload transportation.
Since launching QXO, Jacobs has outlined an aggressive consolidation strategy aimed at scaling a national building products distributor, targeting an industry dominated by regional operators and facing rising pressure to invest in technology, supply chain efficiency, and professionalized operations.
Jacobs’ decision to relinquish his remaining governance roles at XPO and GXO underscores a clean strategic break from his prior logistics ventures as QXO ramps up acquisition activity and long-term growth planning heading into 2026.
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