Logistics, Inc. Appoints New Board Members and Announces Departure of Dr. Jason Papastavrou

Logistics, Inc., a contract logistics provider, has appointed two new members to its board of directors: Patrick Byrne and Michael Kneeland. The additions bring the total to ten directors, with nine independent members. This move follows the election of five new board members in May. The new directors will bring a wealth of experience in supply chain management to the table, ensuring a strong leadership team for the company's future. This appointment reflects a proactive approach to board refreshment, aiming to position the company for growth.

Key Takeaways:

• Logistics, Inc. has appointed Patrick Byrne and Michael Kneeland to its board of directors, effective immediately.
• Dr. Jason Papastavrou has stepped down from the board.
• The total number of board members is now ten, with nine independent directors.
• The additions bring significant experience in supply chain management, with a focus on growth and development.
• Patrick Byrne has over 30 years of experience as a digital leader, previously holding senior positions at General Electric, Fortive, Danaher, and Tektronix.
• Michael Kneeland brings over 26 years of experience in the logistics industry, serving as chair of Gildan Activewear and non-executive chair of United Rentals.
• Brad Jacobs, GXO's chairman, expressed appreciation to Dr. Papastavrou for his contributions to the company and its predecessor.
• The new board members will contribute to the company's growth and development, building on its existing strengths.

Statistics:

• 2 new board members have been appointed to Logistics, Inc. (Patrick Byrne and Michael Kneeland).
• 1 board member has stepped down (Dr. Jason Papastavrou).
• The total number of board members is 10.
• 9 out of 10 board members are now independent directors.
• The new directors bring over 50 years of collective experience in supply chain management and logistics.
• Patrick Byrne has 30+ years of experience in digital leadership.
• Michael Kneeland has 26 years of experience in logistics and expansion.

Sources:

• Logistics, Inc. release
• GXO.com/about-gxo/leadership-team