The CEO of Greenwich-based GXO Logistics says he will retire next year.
Malcolm Wilson, who took the top job in August 2021, will continue to lead the company as it launches a search for his successor.
During his tenure, Wilson has grown GXO through the acquisition of several companies, including Wincanton and Clipper Logistics, increasing revenue from $7.9 billion in 2021 to $11 billion in 2024.
It has also focused in recent years on increasing automation in its warehouses. This year, facing a slowdown in the global freight market, the company has laid off more than 900 employees.
GXO employs some 130,000 people globally.
According to Bloomberg, GXO’s board has turned down several acquisition offers after exploring sale options in recent months, and intends to remain an independent company.
In a statement announcing his retirement, Wilson described his time at GXO as “the highlight of my three decades in logistics.”
