QXO announces executive lineup
QXO might not have any locations, but it has the money and now the leadership team in place to begin its role as a startup player in the building products distribution industry.
Eight executives and six members of its board of directors were announced Thursday, shortly after founder Brad Jacobs led a $1 billion equity investment to completion.
Also on Thursday, Jacobs Private Equity II, LLC and certain co-investors closed a $1 billion equity investment into SilverSun Technologies, Inc. JPE became SilverSun’s majority stockholder and the company began operating and pursuing acquisitions under the new name of QXO. In other words, QXO is now open for business.
Jacobs expressed that he has the right team to enter the $800 billion building products distribution industry.
Six inaugural members of QXO’s board of directors have been selected:
- Brad Jacobs, chairman—Jacobs founded and led five public companies prior to QXO: United Waste Systems, Inc., United Rentals, Inc., XPO, Inc., and XPO’s spin-offs, GXO Logistics, Inc. and RXO, Inc. He serves as executive chairman of XPO and as non-executive chairman of GXO and RXO. Jacobs is the managing partner of Jacobs Private Equity, LLC.
- Jason Aiken—Aiken has led the technologies segment of General Dynamics since 2023. Over the course of his 22-year tenure with General Dynamics, he served as the company’s chief financial officer from 2014 to 2024, and earlier as chief financial officer of General Dynamics subsidiary Gulfstream Aerospace, among other senior positions.
- Marlene Colucci—Colucci has served as chief executive officer of The Business Council in Washington, D.C. since 2013. Previously, she was executive vice president of public policy for the American Hotel & Lodging Association, and earlier held positions as special assistant to the President of the United States in the Office of Domestic Policy, deputy assistant secretary with the Department of Labor’s Office of Congressional and Intergovernmental Affairs, and senior counsel with Akin Gump Strauss Hauer & Feld LLP. She is vice chair of the board of directors of GXO Logistics, Inc.
- Mario Harik—Harik has led XPO, Inc. as chief executive officer since November 2022 and serves on its board. He joined XPO in 2011 as chief information officer, and held additional roles as chief customer officer and president, North American less-than-truckload. His prior career included chief information officer with Oakleaf Waste Management, chief technology officer with Tallan, Inc., and co-founder of G3 Analyst.
- Mary Kissel—Kissel is executive vice president and senior policy advisor with Stephens Inc. She joined Stephens in 2021, following her role as senior advisor to the U.S. Secretary of State. Earlier, during 14 years with The Wall Street Journal, she served on the editorial board in New York, and as editorial page editor for Asia Pacific in Hong Kong. She began her career at Goldman Sachs. Kissel is a member of the Council on Foreign Relations and a director of the American Australian Council. She is vice chair of the board of directors of RXO, Inc.
- Allison Landry—Landry is a former senior transportation research analyst with Credit Suisse, covering the trucking, railroad, airfreight and logistics industries for more than 15 years. Previously, she was a financial analyst and senior accountant with OneBeacon Insurance Co. (now Intact Insurance Specialty Solutions). She serves as vice chair of the board of directors of XPO, Inc.
Further QXO leadership appointments, including chief technology officer, as well as potential additional board members, will be announced at a future date, the company said.