GREENWICH, Conn., Aug. 25, 2022 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jeff Firestone will become general counsel of RXO, the planned spin-off of XPO`s traded transportation platform. Firestone will join XPO immediately as Chief Legal Officer of the North American Transportation Division and will lead RXO`s legal department when the separation is complete. He will report to Drew Wilkerson who, as previously announced, will serve as Chief Executive Officer of RXO and currently serves as President, Transportation – North America. Firestone`s 26-year career spans more than two decades at United Parcel Service, where he held senior legal responsibility for corporate affairs, litigation, governance, compliance and risk mitigation, working closely with UPS executives to achieve performance targets. Most recently, he was Assistant General Counsel, Compliance and Risk, UPS, and previously Senior Vice President, Finance. Firestone began his career at Gibson, Dunn & Crutcher LLP. He received his J.D. from George Washington University School of Law and a master`s degree in professional accounting from the University of Texas.

Firestone has spent more than two decades at UPS, most recently as Deputy General Counsel, Regulatory Compliance and Risk. Previously, he worked at Gibson, Dunn & Crutcher. Most recently, Firestone was Assistant General Counsel for Regulatory and Risk Compliance at United Parcel Service (UPS) and previously Senior Vice President of the Finance Business Unit. He spent more than two decades at UPS in senior legal leadership roles for governance, compliance, corporate affairs, litigation and risk mitigation. Wilkerson said: “We continue to develop our C-suite for the proposed spin-off with another important addition to the team. Jeff is an accomplished leader across multiple legal disciplines with a deep understanding of the transportation industry. His expertise in cross-functional support of business strategies will be a key resource for RXO management. The Women, Influence & Power in Law UK Awards recognise women lawyers who have made an outstanding difference in the legal profession. Freight forwarding company XPO Logistics has hired United Parcel Service veteran Jeff Firestone as general counsel for RXO, a truck brokerage division that is expected to split into a separate public company later this year. XPO Logistics, a leader in the transportation and logistics industry, is looking for a highly skilled professional who knows how to get the most out of his team. As a Director, General Counsel, you will provide advice and guidance on our legal philosophies while working with corporate and commercial teams to ensure XPO`s legal risk is mitigated. You`ve already built an impressive career and are ready to take the next step.

Be part of our dynamic team and we will help you grow to a level that exceeds your expectations. Freight forwarding services company XPO Logistics has hired Jeff Firestone as General Counsel (CLO) of RXO, the planned spin-off of XPO`s traded transportation platform. Firestone joins XPO as CLO of the company`s North American transportation division and will lead RXO`s legal organization when the separation is complete. He will report to Drew Wilkerson, President of Transportation for North America and CEO of RXO. XPO Logistics is splitting into two companies, with the truck brokerage business being split later this year with former UPS deputy general counsel Jeff Firestone at the helm. The spin-off remains subject to various conditions, including the effective date of the registration statement on Form 10, receipt of tax advice from legal counsel, refinancing of XPO`s debt on terms satisfactory to XPO`s board of directors, and final approval by Xpo`s board of directors. There can be no assurance that the proposed spin-off will occur or, if it occurs, the terms or timing. As previously announced, XPO intends to divest its low-asset traded transportation platform from its asset-based grouping business and create two separate, publicly traded companies with huge growth prospects in North America. XPO expects to complete the spin-off in the fourth quarter of 2022. These forward-looking statements are based on certain assumptions and analyses we have made in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate in the circumstances. These forward-looking statements involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements.

Factors that could cause or contribute to a material difference include the risks discussed in our filings with the SEC, which can be found on the investor page of our website. We are proud to be an equal opportunity and affirmative action employer. Qualified candidates will be considered for employment regardless of race, gender, disability, veteran status or other protected status. XPO adheres to CDC, OSHA, and state and local COVID safety requirements. All employees and visitors are required to comply with applicable XPO policies to protect our employees and customers. Investor contactTavio He began his career at the law firm Gibson Dunn & Crutcher. We strive to attract the best, which is why we offer competitive compensation and a generous benefits package, including comprehensive health insurance (medical, dental, and vision), 401(k), life insurance, disability, and the opportunity to participate in a corporate incentive plan. All forward-looking statements contained in this press release are accompanied by these cautionary statements and there can be no assurance that actual results or developments expected from us will be realized or, even if materially realized, that they will have the anticipated consequences or effects on us, our business or our business. The forward-looking statements contained in this press release speak only as of the date of this press release and we undertake no obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except as required by law. All applicants who receive a conditional job offer may be required to pass and pass a drug test before being hired. XPO is a leading provider of innovative supply chain solutions for the world`s most successful businesses.

We help our customers manage their goods as efficiently as possible through our technology and services. Our greatest strength is our global team – energetic and innovative people of all levels of experience and talent who make XPO a great place to work. Press contactNina Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed spin-off, the expected timing of the transaction and the anticipated benefits of the transaction.