Source theloadstar.com The spin-off of GXO is expected to take place in the second half of 2021, it becoming a publicly traded logistics company and laying claim to be the second-largest contract logistics provider in the world. Its operations currently cover approximately 890 locations in 27 countries.
“Baris is a high-impact CFO with a track record of aligning finance organisations with strategy to support value creation. Our GXO leadership team now has five world-class executives, with more to follow,” he added. Brad Jacobs, chairman and CEO of XPO Logistics, said, “We’re pleased that our planned spin-off will have a strong, hands-on finance leader.
Last week it appointed Sandeep Sakharkar as chief information officer. Mr Oran most recently served as CFO of Turkey’s Sabanci group, executing numerous IPO, M&A and divestiture transactions, improved capital allocation and led deleveraging and risk management initiatives.
The News Highlights
- Baris Oran, a ‘strong and practical financial leader’ for the XPO GXO Logistics spin-off
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week