XPO Logistics, a global provider of transport and logistics solutions, today announced that Mark Manduca will become the chief investment officer of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business.
Manduca has joined XPO as chief investment officer of the logistics segment, effective in May. He will be responsible for analysing GXO’s growth opportunities, optimisation of the company’s asset portfolio and oversight of its UK pension investments. Alongside these responsibilities, he will play a key role in ensuring that GXO’s investment case reaches a global audience.
Manduca has consistently led the top-ranked European transport research teams for close to a decade, as determined by Institutional Investor. In 2020, individually, he was named the No. 1 European transport research analyst by Institutional Investor for the eighth consecutive year.
Brad Jacobs, chairman and chief executive officer, said: “Mark is a top-ranked analyst who received the most votes across all sectors and regions in the 2020 European Institutional Investor survey. He also has the roll-up-your-sleeves mentality we look for in our executives. We’re very pleased to have him on board as our spin-off plan progresses.”