Brad Jacobs, chairman and chief executive officer, said that following the spin-off of GXO last year, and the progress that XPO had made into becoming a “pure-play transportation company”, he and Troy agreed that it was the right time for the president to step down.
Jacobs also paid tribute to Mr Cooper, stating:
“Troy’s contributions over the past decade have been invaluable, particularly his efforts driving the growth of our best-in-class truck brokerage business from its earliest days and his leadership of our European operations from 2015 to 2017. We’re very well positioned with strong leaders in each of our business lines, with Mario Harik as acting president of less-than-truckload, Drew Wilkerson leading North America transportation, and Luis Gomez leading Europe transport. I’m grateful Troy will continue to provide counsel to me and our leadership team over the next six months, and we wish him all the very best going forward.”
Meanwhile, Mr. Cooper himself said:
“It’s been an honor to work with the team as we’ve built XPO into a leading freight transportation services provider. The leadership team we’ve assembled is the best in the industry, and it’s gratifying knowing that the business is in excellent hands and our prospects are so bright.”