logo
GXO Welcomes Five New Members to its Board of Directors

GXO Welcomes Five New Members to its Board of Directors

Yahoo13-05-2025
GREENWICH, Conn., May 13, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced the election of five new members to its Board of Directors at its 2025 Annual Meeting of Stockholders. The five new directors join four incumbent directors who were re-elected at the same meeting.
Brad Jacobs, GXO's chairman, said, 'These leaders bring deep expertise in operational excellence and strategic growth across all aspects of the supply chain. They will add immediate value as GXO accelerates its path to becoming the world's leading logistics provider.'
Below are brief biographies of the newly elected directors. For more information about GXO's Board of Directors, visit www.gxo.com/about-gxo/leadership-team.
Todd Cooper — Cooper is president of advanced technology solutions at Celestica, Inc. managing its aerospace and defense, capital equipment, healthtech, industrial, and smart energy businesses. He brings 25 years of experience in operations at global organizations. Prior to Celestica, Cooper was managing director of procurement and supply chain at KKR and vice president of aerospace global sourcing at Honeywell. He began his career at McKinsey & Company. Cooper will chair the Compensation Committee.
Julio Nemeth — Nemeth has four decades of experience in consumer goods and supply chain management. He served as chief product supply officer at Procter & Gamble and held numerous senior roles at P&G over the course of thirty years, including president, global business services; and senior vice president, product supply, global operations. Nemeth serves on the boards of WK Kellogg Co. and The Boston Beer Company, Inc. Nemeth will chair the Nominating and Corporate Governance Committee.
Torsten Pilz, Ph.D. — Dr. Pilz is group president of enterprise supply chain at the 3M Company. Previously, he was chief supply chain officer at Honeywell International, Inc. Pilz also served as vice president, operations and supply chain for SpaceX; vice president, worldwide operations at Amazon; and in several leadership roles at Henkel AG & Co. Pilz will chair the Operational Excellence Committee.
Laura Wilkin — Wilkin is the founder and chief executive officer of Excelerate Supply Chain Advisory Services and serves on the advisory board of Vorto, an AI-enabled transportation platform. Wilkin has 30 years of experience in global supply chain, operations, technology and industrial real estate. She has served as vice president, global supply chain and industrial real estate at Amazon, chief supply chain officer at Petco, and senior vice president, logistics at Walmart.
Kyle Wismans — Wismans has served as chief financial officer of XPO, Inc. since 2023, after joining the company as global head of financial planning and analysis (FP&A) in 2019. Prior to XPO, he led global FP&A for Baker Hughes's oilfield services division and was chief financial officer for General Electric Company's pressure control business in oil and gas. Wismans will chair the Audit Committee.
About GXO
GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing an inclusive, world-class workplace for more than 150,000 team members across more than 1,000 facilities totaling approximately 200 million square feet. The company partners with 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, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, X, Facebook, Instagram and YouTube.
Media contact Matthew Schmidt +1 203-307-2809 matt.schmidt@gxo.com
Investor contactKristine Kubacki+1 412-629-4089kristine.kubacki@gxo.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Organization Sues Amazon, Walmart, eBay Sellers For Marketing 'Inferior Imitations' Of Trump Merch
Trump Organization Sues Amazon, Walmart, eBay Sellers For Marketing 'Inferior Imitations' Of Trump Merch

Yahoo

time17 minutes ago

  • Yahoo

Trump Organization Sues Amazon, Walmart, eBay Sellers For Marketing 'Inferior Imitations' Of Trump Merch

Trump Organization has filed a lawsuit against several unnamed merchandise sellers on popular marketplaces for allegedly marketing counterfeit Trump-branded products. What Happened: The Trump Organization, owned by President Donald Trump, has accused multiple online sellers, including retail giants like Walmart Inc. (NYSE:WMT), Inc. (NASDAQ:AMZN), and eBay Inc. (NASDAQ:EBAY), of selling 'inferior imitations' of Trump-branded merchandise, reported Fortune. The lawsuit was filed in a U.S. District Court in Florida on Friday. Around 9,000 Amazon sellers earned nearly $140 million from Trump merchandise sales in the months before the election, per Omnisend data. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to The lawsuit accuses the defendants of 'improperly advertising, marketing, and/or selling unauthorized and illegal products infringing upon at least a portion of plaintiffs' Trump trademarks.' The decision by the Trump Organization to sue these sellers has sparked controversy among legal experts due to its choice of a Schedule A case. Schedule A cases have become popular among trademark lawyers as they permit the plaintiff to sue a broad range of defendants without naming specific entities, often bypassing costly filing fees. This approach also grants considerable power to the judge's discretion. Legal experts have voiced concerns that Schedule A's broad grouping of defendants could lead to smaller vendors being penalized similarly to large-scale operations. Sarah Fackrell, an intellectual property law professor at Chicago-Kent College of Law, warned about due process issues and the risk of defendants being "railroaded."Why It Matters: This lawsuit comes at a time when the Trump brand is expanding its global presence. Earlier this month, Trump Media & Technology Group Corp. (NASDAQ:DJT) launched its TV streaming service, Truth+, worldwide. The company also operates the Truth Social social media platform. In June, Donald Trump Jr., the executive vice president of The Trump Organization, defended his father's financial gains from a family-owned cryptocurrency company, stating that "he doesn't touch it." This followed the disclosure of a $57.7 million income from World Liberty Financial. In April, Donald Trump's online store began selling merchandise branded with "Trump 2028," despite the constitutional prohibition on a third term presidency. This move raised eyebrows and sparked debates about the family's future political plans. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Jeff Bezos-Backed Arrived Homes Hits A Big Sale On Charlotte Property – Investors Earning A 34.7% Return Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Trump Organization Sues Amazon, Walmart, eBay Sellers For Marketing 'Inferior Imitations' Of Trump Merch originally appeared on

Samsung Chip Profit Tumbles While Investors Seek Bottom
Samsung Chip Profit Tumbles While Investors Seek Bottom

Yahoo

time17 minutes ago

  • Yahoo

Samsung Chip Profit Tumbles While Investors Seek Bottom

(Bloomberg) -- Samsung Electronics Co.'s chip unit plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that's plaguing the world's largest memory chipmaker. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus We Should All Be Biking Along the Beach The weak results at the pivotal business underline how far Samsung has fallen in the lucrative artificial intelligence arena, where SK Hynix Inc. leads in high-end memory and Taiwan Semiconductor Manufacturing Co. dominates in contract chipmaking. The chip arm reported three-month operating profit of 400 billion won ($288 million), the lowest in six quarters, versus analysts' average projection for 2.73 trillion won. The decline stemmed largely from a one-time inventory cost as US export controls led to unsold AI chips at its foundry business, which relies in part on Chinese demand. The profit decline was despite solid demand for high-end memory products for servers, the company said. Shares of South Korea's largest company fell as much as 1.8% Thursday morning in Seoul. The grim results reflect Samsung's poor performance on high-bandwidth memory, said MS Hwang, research director at Counterpoint. Samsung's share in the global HBM market slipped to 17% in the second quarter in terms of bit volume, down from more than 40% in the first quarter of 2024, he said. 'This suggests that Samsung has fallen behind even Micron Technology Inc. to rank No. 3,' in the second quarter, he said. Samsung will 'actively respond' to demand for higher-density memory, the company said. Operating losses at Samsung's foundry unit are expected to narrow in the second half of the year on a gradual recovery in demand, the company said. Samsung's underwhelming quarterly report comes after the company won a $16.5 billion contract from Tesla Inc. to produce AI chips at an upcoming plant in Taylor, Texas. Its stock gained ground after news about the agreement broke earlier this week, bringing Samsung's gains in July to over 20% and putting the stock on track for its best month in years. The company has been stepping up spending on research and development and front-end capacity in its efforts to catch up with SK Hynix and Micron in AI memory chips. Samsung has struggled to get its latest products certified by Nvidia — providing an unusually long window for SK Hynix to carve out commanding leads in the booming AI memory market. At the same time, it's been trying to win large customers away from contract chipmaking powerhouse TSMC to revive its ailing foundry division where operating rates have plunged. TSMC has begun production in Arizona and is ramping up capacity in the US, while Samsung has slowed completion of its Taylor plant, now scheduled to start operating in 2026. A successful implementation of the multi-year deal with Tesla would improve Samsung's prospects for winning more clients and validate its technology for 2-nanometer mass production. Investors are also looking for clues as to whether Samsung will benefit from Nvidia Corp.'s resumption of sales of its H20 AI chips to China. The Korean memory maker's less advanced HBM3 has been used alongside H20 chips in the past. Samsung, which flagged weak preliminary operating profit and revenue numbers earlier in July, said net income came to 4.93 trillion won, missing the analysts' estimate of 6.37 trillion won. Fears about missing first-mover advantages in AI have weighed on Samsung. That's despite solid double-digit profitability in its mobile segment, which reported solid sales of its Galaxy S25 phones. Samsung hopes to maintain momentum through the recently released Galaxy Z Fold and Z Flip as well as the debut of its first trifold smartphone later this year. --With assistance from Mark Anderson. (Updates with market reaction and analyst commentary.) Russia Builds a New Web Around Kremlin's Handpicked Super App Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store