XPO Logistics Inc.

07/28/2021 | Press release | Distributed by Public on 07/28/2021 15:18

Management Change/Compensation (Form 8-K)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of David Wyshner and Appointment of Ravi Tulsyan as Chief Financial Officer

On July 28, 2021, XPO Logistics, Inc. ('XPO' or the 'Company') announced that David Wyshner will step down as Chief Financial Officer of the Company effective as of September 2, 2021 and Ravi Tulsyan, Deputy Chief Financial Officer and Treasurer, will assume the role of Chief Financial Officer. Mr. Wyshner will be leaving the Company effective September 2, 2021.

Mr. Tulsyan, 52, has served as Senior Vice President and Treasurer of the Company since August 2016 and has served in the additional role of Deputy Chief Financial Officer since February 2021. Prior to XPO, Mr. Tulsyan served as treasurer and senior vice president, M&A with ADT Corporation following ADT's 2012 spin-off from Tyco International. As Tyco's vice president of global capital markets and head of financial planning and analysis at the time of the separation, he led all treasury activities related to the transaction, including the execution of each company's capital structure, dividend plan, debt refinancing and credit facilities. Previously, Mr. Tulsyan held executive positions as senior treasury manager with PepsiCo from September 2001 to September 2005, and manager of derivatives strategy and trading with Xerox Corporation from April 1999 to September 2001. Mr. Tulsyan has a Master's degree in Finance from the University of Rochester, a Master's degree in Mechanical Engineering from Ohio State University, and a Bachelor's degree from the Indian Institute of Technology Madras.

Mr. Tulsyan has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K, has no arrangement or understanding between him and any other person relating to his appointment as an officer required to be disclosed pursuant to Item 401(b) of Regulation S-K and has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K.