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QXO Appoints Michael DeWitt as Chief Procurement Officer

1. Michael DeWitt appointed CPO to lead procurement transformation at QXO. 2. DeWitt's experience from Walmart positions QXO for growth in building products.

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FAQ

Why Bullish?

DeWitt's expertise could enhance operational efficiency, attracting investors. Similar appointments in competitive sectors historically boosted share prices.

How important is it?

Leadership appointments in key operational roles can directly influence future performance and investor confidence.

Why Long Term?

Transformational leadership often leads to sustained growth, as seen in tech sectors where procurement strategies significantly improve margins over time.

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WMTHDLOW
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing an.

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