QXO, Inc. Appoints Michael Dewitt as Chief Procurement Officer, Effective July 21, 2025

QXO, Inc. has appointed Michael DeWitt as Chief Procurement Officer, effective July 21, 2025. DeWitt has nearly three decades of experience in procurement innovation across various industries and continents. He previously held roles at Walmart International, Highmark Health, Bayer, MEDRAD, Hewlett Packard, and the U.S. Air Force. DeWitt will lead QXO's procurement transformation as the company scales to become a tech-enabled leader in the $800 billion building products distribution industry.

QXO, Inc. (NYSE: QXO) has appointed Michael DeWitt as its new Chief Procurement Officer, effective July 21, 2025. DeWitt brings nearly three decades of experience in procurement innovation across various industries and continents. His extensive background includes roles at Walmart International, Highmark Health, Bayer, MEDRAD, Hewlett Packard, and the U.S. Air Force. DeWitt will lead QXO's procurement transformation as the company scales to become a tech-enabled leader in the $800 billion building products distribution industry [1].

DeWitt's appointment comes after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion in purchasing and digital transformation across 18 countries. He has pioneered the use of AI in sourcing and built global teams that have consistently outperformed. At Walmart, DeWitt's initiatives more than doubled annual savings in three years, fostering a culture of innovation across the company's global footprint [1].

Previously, DeWitt served as chief procurement officer at Highmark Health, managing $8 billion in spend across five lines of business and establishing industry-leading performance benchmarks in procurement ROI. He also held senior sourcing leadership roles at Bayer, MEDRAD, and Hewlett Packard [1].

Brad Jacobs, chairman and chief executive officer of QXO, said, "Michael has redefined what best-in-class procurement looks like. He’s driven billions in savings, pioneered the use of AI in sourcing and built global teams that outperform. With his leadership, we expect to unlock significant value through procurement as we scale our platform" [1].

QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250721915833/qxo-appoints-michael-dewitt-as-chief-procurement-officer
[2] https://finance.yahoo.com/news/qxo-appoints-michael-dewitt-chief-120000631.html
[3] https://www.marketscreener.com/news/qxo-appoints-michael-dewitt-as-chief-procurement-officer-ce7c5cdfd08bf225
[4] https://www.businesswire.com/news/home/20250721915833/en/QXO-Appoints-Michael-DeWitt-as-Chief-Procurement-Officer