QXO Inc

QXO announced on August 24 that Ken West will become its President and Chief Operating Officer effective September 1, taking over day-to-day operations and reporting directly to Chairman and CEO Brad Jacobs. The hire comes just weeks after QXO closed its acquisition of TopBuild on July 1, a deal that made it the second-largest publicly traded building products distributor in North America. West spent more than two decades running large industrial businesses at Honeywell Technologies and PPG Industries, where he led the acquisitions and integrations of Johnson Matthey's Catalyst Technologies business, Sundyne, and AkzoNobel's Architectural Coatings business in North America. The timing matters because QXO's net sales jumped to $3.25 billion in the second quarter of 2026 from $1.91 billion a year earlier, with Kodiak Building Partners alone contributing $595 million of that total, while adjusted EBITDA rose to $272 million from $204 million and adjusted net income climbed to $130 million from $109 million. Jacobs has said the plan is to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade, but the net loss for the first six months of 2026 widened to $282 million from $50 million a year earlier and adjusted diluted earnings per share flipped to a loss of two cents from a profit of 17 cents.