On October 11, 2023, the Board of Directors of GXO Logistics, Inc. expanded the size of the Board from eight to nine directors and appointed Matthew J. Fassler to the Board as a non-independent director, effective immediately, in accordance with the Company?s Second Amended and Restated Bylaws (the Bylaws). The Board has determined that Mr. Fassler is a non-independent director in accordance with the Company?s Corporate Governance Guidelines and the applicable listing standards of the New York Stock Exchange. Pursuant to the Bylaws, Mr. Fassler will serve as a Class I director for a term to expire at the 2025 Annual Meeting of Stockholders or until his successor is duly elected and qualified.

Mr. Fassler, age 53, has served as the managing member of State Road Advisors, a strategic consulting enterprise providing advisory services to the C-suite, since January 2023. Previously, Mr. Fassler served as Chief Strategy Officer of XPO, Inc., from 2018 through 2022, overseeing the company?s strategy, capital structure, investor relations and analysis of growth opportunities. Prior to XPO, Mr. Fassler spent more than 20 years at Goldman Sachs in Global Investment Research as a Managing Director, Business Unit Leader for the consumer sector from 2007 through 2018, and Managing Director, Co-Business Unit Leader for the retail sector from 2004 through 2007.

Mr. Fassler held various other positions at Goldman Sachs from 1992 through 2004. Mr. Fassler holds a Bachelor of Arts degree in History from Yale University.