Brad Jacobs, chairman and CEO of QXO, Inc., said he will step down as chairman of the boards at XPO, Inc.,and GXO Logistics, Inc. effective Dec. 31, 2025, as he shifts more of his focus to growing QXO and Jacobs Private Equity.

Jacobs will remain connected to XPO as a senior advisor through June 30, 2026.

“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity," Jacobs said. "We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth. XPO and GXO are in excellent shape and their prospects are very bright.”

QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.

Jacobs Private Equity, LLC, the personal investment firm of Brad Jacobs, invests substantial equity capital in companies positioned to create exceptional value.