XPO, the No. 9 FleetOwner 500 for-hire carrier and a provider of less-than-truckload transportation in North America, has appointed Ali Faghri as its chief strategy officer, effective immediately.
Faghri is responsible for XPO’s strategy and analysis of growth opportunities and oversees the company’s engagement with the investment community. He reports to Mario Harik, who took over as XPO’s CEO last summer after a stint as chief information officer and acting president of its LTL business.
See also: XPO spinoff RXO begins public trading
Faghri is a prominent Wall Street analyst who has specialized in the automotive sector for 12 years, covering market leaders in manufacturing, retail, and mobility, such as Tesla, CarMax, AutoZone, and Uber, according to a Jan. 17 release from XPO. Faghri most recently was a managing director with Guggenheim Partners, where he led the automotive team for five years. Faghri holds a degree in engineering from Cornell University.
“Ali is a seasoned analyst with a thorough understanding of our customer verticals and company-specific strengths. His expertise will add considerable value as we execute our growth strategy,” Harik said in the Jan. 17 release.
Together with its business in Europe, Greenwich, Connecticut-based XPO serves about 43,000 shippers with 564 locations and 38,000 employees.
