GXO Logistics appoints Patrick Byrne and Michael Kneeland to its board, while Dr. Jason Papastavrou resigns, enhancing board leadership.
Quiver AI Summary
GXO Logistics, Inc. has announced the appointment of Patrick Byrne and Michael Kneeland to its board of directors, effective immediately, following the recent election of five new members, which brings the total board count to ten, with nine being independent. The changes come at a strategic time as the company prepares for a new CEO to assume leadership next month. GXO's chairman, Brad Jacobs, emphasized the importance of board refreshment to strengthen the company's leadership for future growth, highlighting the diverse expertise the new members bring in supply chain management. The press release also acknowledged the contributions of Dr. Jason Papastavrou, who has resigned from the board after serving for four years at GXO and ten years at its predecessor, XPO.
Potential Positives
- The appointment of two highly experienced and independent directors, Patrick Byrne and Michael Kneeland, strengthens GXO's board and leadership capability.
- The ongoing board refreshment, with seven new independent directors added this year, indicates a strategic commitment to governance and long-term growth.
- With a new CEO set to take the helm next month, these changes align with a proactive approach to prepare for the company's future direction and challenges.
Potential Negatives
- Dr. Jason Papastavrou's resignation from the board may suggest organizational instability or dissatisfaction within the leadership team.
- The appointment of a new CEO next month alongside significant board changes could indicate a period of transition, which may create uncertainty among investors and stakeholders.
- While expanding the board with independent directors can be positive, the frequency of board changes in a short time frame raises concerns about governance stability and strategic continuity.
FAQ
Who are the new board members of GXO Logistics?
Patrick Byrne and Michael Kneeland have been appointed to GXO Logistics' board of directors.
What changes occurred in GXO's board of directors?
Dr. Jason Papastavrou stepped down, while Patrick Byrne and Michael Kneeland were appointed, increasing the board's total to ten members.
Why is GXO refreshing its board now?
The refresh follows the appointment of a new CEO next month, reflecting a proactive approach to leadership.
What expertise do the new directors bring to GXO?
The new directors bring extensive experience in supply chain, technology, and operational transformation, vital for GXO's growth.
How many independent directors are now on GXO's board?
There are now nine independent directors on GXO's board out of a total of ten members.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GXO Hedge Fund Activity
We have seen 206 institutional investors add shares of $GXO stock to their portfolio, and 257 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLIANCEBERNSTEIN L.P. added 2,356,452 shares (+1521.9%) to their portfolio in Q1 2025, for an estimated $92,090,144
- SPRUCE HOUSE INVESTMENT MANAGEMENT LLC added 2,153,997 shares (+102.6%) to their portfolio in Q1 2025, for an estimated $84,178,202
- COOPER CREEK PARTNERS MANAGEMENT LLC added 1,351,308 shares (+inf%) to their portfolio in Q1 2025, for an estimated $52,809,116
- EMINENCE CAPITAL, LP removed 1,161,460 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $45,389,856
- ENGAGED CAPITAL LLC added 912,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $35,640,960
- AMERICAN CENTURY COMPANIES INC removed 884,607 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $34,570,441
- ALYESKA INVESTMENT GROUP, L.P. removed 869,503 shares (-81.3%) from their portfolio in Q1 2025, for an estimated $33,980,177
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GXO Analyst Ratings
Wall Street analysts have issued reports on $GXO in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 07/11/2025
- Citigroup issued a "Buy" rating on 07/09/2025
- Susquehanna issued a "Positive" rating on 06/24/2025
- Stifel issued a "Buy" rating on 06/23/2025
- Wells Fargo issued a "Overweight" rating on 06/20/2025
- Oppenheimer issued a "Outperform" rating on 02/18/2025
- Morgan Stanley issued a "Overweight" rating on 02/14/2025
To track analyst ratings and price targets for $GXO, check out Quiver Quantitative's $GXO forecast page.
$GXO Price Targets
Multiple analysts have issued price targets for $GXO recently. We have seen 11 analysts offer price targets for $GXO in the last 6 months, with a median target of $57.0.
Here are some recent targets:
- Lucas Servera from Truist Securities set a target price of $62.0 on 07/11/2025
- Brandon Oglenski from Barclays set a target price of $52.0 on 07/10/2025
- Ariel Rosa from Citigroup set a target price of $59.0 on 07/09/2025
- Brian Ossenbeck from JP Morgan set a target price of $56.0 on 07/08/2025
- Christian Wetherbee from Wells Fargo set a target price of $57.0 on 07/07/2025
- Bascome Majors from Susquehanna set a target price of $58.0 on 06/24/2025
- J. Bruce Chan from Stifel set a target price of $67.0 on 06/23/2025
Full Release
GREENWICH, Conn., July 31, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today appointed Patrick Byrne and Michael Kneeland to its board of directors, effective immediately. Additionally, Dr. Jason Papastavrou has stepped down from the board. These appointments follow the election of five new board members in May, bringing the total to ten directors, nine of whom are independent.
Brad Jacobs, GXO’s chairman, said, “With a new CEO set to take the helm next month, it’s been a natural time to refresh our board of directors. These changes reflect a proactive approach to board refreshment, ensuring a strong leadership team for GXO’s future. We’ve now added seven outstanding independent directors this year, and their broad expertise in supply chain will be a powerful asset as GXO enters its next chapter of growth. On behalf of the entire board, I want to express our deep appreciation to Jason for his many valuable contributions over four years on the GXO board and, prior to that, 10 years on the board of our predecessor company, XPO.”
Brief biographies of the newly appointed directors are provided below. For more information about GXO’s board of directors, visit gxo.com/about-gxo/leadership-team.
- Patrick Byrne – A digital leader for more than three decades, Byrne served as CEO of GE Digital and SVP of operational transformation at General Electric. He previously held senior leadership positions at Fortive, Danaher, and Tektronix. He serves as non-executive chair of Diebold Nixdorf and chair of Verra Mobility. Prior, he served as an independent director at Micron Technology.
- Michael Kneeland – Kneeland serves as chair of Gildan Activewear and as non-executive chair of United Rentals, following his retirement as CEO in 2019. Kneeland led United Rentals’ expansion over 26 years, including overseeing approximately $8 billion in acquisitions. He also held board positions at YRC Worldwide and Brinks Home Security.
About GXO
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation and outsourcing. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut. Visit
GXO.com
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Media contact
Matthew Schmidt
+1 203-307-2809
[email protected]
Investor contact
Kristine Kubacki, CFA
+1 203-769-7206
[email protected]
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