New Building Products Distributor Startup 'QXO' Names CFO - News Summed Up

New Building Products Distributor Startup 'QXO' Names CFO


He detailed his business acumen in a 2024 book, “How to Make a Few Billion Dollars,” published by Greenleaf Book Group Press. “QXO’s strategy is to create a tech-forward leader in the building products distribution industry through accretive M&A and organic growth, including greenfield openings, with the goal of generating outsized stockholder value,” Jacobs said in a news release last December. QXO has yet to launch, but last week, the company announced the hiring of Ihsan Essaid as incoming chief financial officer of QXO, Inc., the publicly traded company Jacobs intends to lead in the $800 billion building products distribution industry. I’m very pleased he’ll be leading QXO’s finance team,” Jacobs said in a news release last week announcing the hire. He joins QXO from Barclays, where he most recently served as global head of M&A, following roles as co-head of global M&A and co-head of Americas M&A.


Source: Forbes June 03, 2024 15:22 UTC



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