XPO names chief legal officer for GXO spin-off

XPO Logistics has appointed Karlis Kirsis as chief legal officer for GXO Logistics – its intended new spin-off.

Kirsis currently works as senior vice president and European chief legal officer for XPO Logistics Europe, but he will become responsible for GXO’s legal and compliance functions.

XPO hopes to spin off its logistics business as a separate publicly traded company in August, creating two “pure-play industry powerhouses”.

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The new business is being created to capitalise on the growth in e-commerce and omnichannel retail and a shift toward outsourcing supply chain services.

Brad Jacobs, XPO Logistics chairman and chief executive officer, said: “Karlis’s extensive experience in world-class corporate and legal environments, and the supply chain industry in particular, will be significant assets to GXO.

“He will help align the company’s legal functions with its strategic, game-changing goals.”

XPO said completion of the spin-off is subject to various conditions and there was no assurance that the transaction will occur or its terms or timing.