End of an era as Brad Jacobs steps down as XPO chief executive

XPO Logistics today announced that Mario Harik will succeed Brad Jacobs as CEO of XPO, following the spin-off of its brokerage platform in the fourth quarter.

Mr Jacobs will remain with XPO as executive chairman and will become non-executive chairman of the spin-off.

Mr Harik has also been named president of the less-than-truckload (LTL) unit, effective immediately, after serving as acting LTL president since October.

The company plans to become a pure-play LTL transport provider in North America by completing the brokerage spin-off ...