QXO Appoints New CFO Dev Ahuja; Promotes Ihsan Essaid to Vice Chairman

QXO announced a key leadership transition, appointing Dev Ahuja as its new Chief Financial Officer, effective January 2027. Mr. Ahuja joins from Novelis Inc., where he also served as CFO. He will succeed Ihsan Essaid, who is being promoted to the executive role of Vice Chairman to oversee mergers & acquisitions and capital-raising activities.

Key Details

• New CFO: Dev Ahuja will join QXO in January 2027. He previously served as Executive Vice President and CFO of Novelis Inc. since 2016.
• Leadership Transition: Current CFO Ihsan Essaid, who has served since July 2024, will be promoted to Vice Chairman, focusing on the company's M&A strategy.
• Compensation Package: Mr. Ahuja's compensation includes a $900,000 annual base salary, a target bonus of 115% of his base salary, and a sign-on equity award of restricted stock units (RSUs) valued at $4.5 million.