GXO Logistics Stock Jumps 12% Following CEO Appointment News

(RTTNews) - GXO Logistics, Inc. (GXO) is trading at $47.70, up 11.50 percent, or $4.92 on Friday, after announcing that Patrick Kelleher will become its new chief executive officer effective August 19. The stock opened at $44.71 and has traded between $44.85 and $48.11 so far today on the New York Stock Exchange. Volume stands at 1.45 million shares, above the average of 1.31 million. The 52-week range is $30.46 to $63.33.

Kelleher, who brings 33 years of global supply chain experience, previously served as CEO of North America at DHL Supply Chain, where he led significant growth and operational improvements.