In December 2020, XPO Logistics announced that it would spin off its global contract logistics segment into a separate company, the split was planned to be completed during the latter half of 2021. In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. The spin-off was completed on August 2, 2021, with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO Logistics' European division, and Baris Oran as CFO.
