Contract logistics provider GXO Logistics will have a new top executive come August 19, as the Greenwich, Connecticut-based firm today named DHL Supply Chain veteran Patrick Kelleher as its new CEO.
The result caps off a six-month search to succeed current CEO Malcolm Wilson when he retires, and quickly won approval from investors. Market analyst firm TD Cowen issued a “buy” rating for GXO stock, citing Kelleher’s record as the North America CEO of DHL’s contract logistics segment after a 33-year long career in the industry.
We view the appointment of a U.S. focused CEO as a positive for positioning in growth markets and valuation. Kelleher’s appointment is also positive for GXO’s industrial penetration ambitions given DHL’s track record in industrial contract logistics,” TD Cowen analyst Jason Seidl said in a note to investors.
According to GXO, Kelleher brings expertise across many key verticals, including consumer goods, healthcare, technology, ecommerce, and manufacturing. He has also led strategic initiatives spanning transportation, supply chain planning, engineered solutions, and automation. He has also been at the forefront of DHL’s deployment of advanced robotics, including the Boston Dynamics Stretch Robot since 2023, and oversaw four M&A transactions in the past year.
“Patrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth,” Brad Jacobs, chairman of GXO’s board of directors, said in a release. “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 shareholders.”
