Building Materials Distributor QXO Appoints CFO - Modern Distribution Management

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Building Materials Distributor QXO Appoints CFO

Formed in 2023 as a new publicly traded distributor with major aspirations, QXO now has its financial leader.

QXO — a new publicly-traded building materials distributor formed in 2023 by serial entrepreneur Brad Jacobs — appointed its financial leader.


QXO shared May 28 that it has added Ihsan Essaid as the company’s CFO, bringing a wealth of M&A experience to the role. Essaid has more than three decades in global investment banking experience that has centered on providing critical advisory services for large and capital market transactions. Essaid most recently was the Barclays’ global head of M&A. Since 2021, he advised on more than $50 billion worth of transactions at Barclays across a range of sectors, a May 28 QXO news release noted.

Previously, Essaid was a managing director of media and telecom M&A with Credit Suisse from 2015 to 2021, and a partner with Perella Weinberg Partners from 2008 to 2015.

“Ihsan is a heavy hitter in the M&A world with an exceptional track record. I’m very pleased he’ll be leading QXO’s finance team,” said Jacobs, QXO’s incoming Chairman and CEO.

Learn more about QXO’s building products distribution market entrance here on MDM.

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