Analyst Angus Tweedie to join XPO spin-off GXO Logistics as SVP

XPO Logistics has appointed Angus Tweedie as senior vice president of its spin-off logistics business, GXO.

Mr Tweedie will join XPO this month from his role as head of European automotive research at Citigroup.

Prior to that, he was head of European leisure, retail and transport research for Bank of America Merrill Lynch, and has held analyst roles at both Macquarie and KPMG.

Mr Tweedie will work with Mark Manduca, GXO’s new chief investment officer, and will analyse growth opportunities as well as communicating the company’s investment strategy to the investor community.

Brad Jacobs, XPO chairman and chief executive officer, said: “Angus is a highly successful analyst with vast experience leading high-performing teams. He’s a hands-on professional who will fit in perfectly with GXO’s world-class management team.”

XPO expects to spin off its logistics business as a separate, publicly traded company in the second half of 2021. It said: “As the second-largest contract logistics provider in the world, GXO will be well-positioned to capitalise on the big three secular tailwinds of e-commerce growth, customer demand for logistics automation, and the burgeoning trend toward supply chain outsourcing.”