Jason Kerr will become chief accounting officer of RXO, the planned spinoff of mega carrier XPO Logistics’ brokered transportation platform, the company announced. The new company is expected to debut in November.
Kerr recently joined XPO as chief accounting officer for its North American transportation division. He reports to Jamie Harris, who will be the CFO of RXO, and currently serves as CFO for XPO’s North American transportation. XPO is No. 9 on the FleetOwner 500: For-Hire list.
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“Jason has a history of helping to bolster shareholder value by collaborating with functional leaders,” Harris said. “He also brings deep analytical capabilities to our team. We have a robust finance organization in place to support RXO in unlocking its full potential as an independent brokered transportation leader.”
Kerr has more than two decades of experience in public company accounting, most recently as CAO of BWX Technologies. During 12 years with BWXT and its legacy enterprise, Babcock & Wilcox, he led accounting, reporting, and compliance functions. He was instrumental in the company’s 2015 spinoff, according to a press release. Earlier, he served as a senior manager with Deloitte & Touche and as a senior auditor with Arthur Andersen. He holds master’s and bachelor’s degrees in accounting from the College of Charleston in South Carolina and is a certified public accountant.
“RXO will spin off as a standalone public company on November 1 with a strong C-suite in place,” said Drew Wilkerson, incoming CEO of RXO and current XPO president of North American transportation. “Our brokerage platform has a long track record of industry leadership as part of XPO, and now we’re positioned to create significantly more value for our customers, employees, and shareholders.”
XPO expects to complete the distribution of RXO shares on Nov. 1, at which time the new company will trade under the symbol “RXO” on the New York Stock Exchange.
