GXO Logistics (GXO) Gets 12% Boost on New CEO Welcome
GXO Logistics saw its share prices rise by 12.13 percent to close at $47.97 apiece as investor sentiment was boosted by the appointment of Patrick Kelleher as its new chief executive officer.
Effective August 19, 2025, Kelleher will assume the highest role at GXO Logistics, Inc. (NYSE:GXO) where he will be tasked to lead and manage the overall direction and success of the company.
Kelleher has 33 years of experience in the global supply chain, strategic leadership, and operational excellence, having held senior executive roles at DHL Supply Chain—a division of Deutsche Post DHL Group.
Most recently, he served as CEO for North America where he oversaw significant growth and operational improvements across the business.
A fleet of trucks leaving a depot, loaded with consumer goods, representing the companies logistical services.
'Patrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth. His proven track record and deep expertise in engineered solutions, automation, and cutting-edge contract logistics make him uniquely qualified to drive value for our customers and shareholder,' said Brad Jacobs, GXO Logistics, Inc.'s (NYSE:GXO) chairman of the board.
While we acknowledge the potential of GXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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