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QXO, Inc. recently announced the appointment of Dev Ahuja as the company’s chief financial officer. He will succeed Ihsan Essaid, who has been promoted to vice chairman, an executive role, with both positions becoming effective in January 2027.
Ahuja has more than two decades of experience leading financial operations for growth-oriented companies. He joins QXO from Novelis, a leading producer of innovative aluminum solutions, where he served as CFO since 2016. Previously, with healthcare giant Novartis, he held CFO roles for Alcon North America, Alcon Japan and the company’s South Korean business.
“Dev has led global finance teams through major capital transactions and the integration of key acquisitions,” says Brad Jacobs, chairman and chief executive officer of QXO. “He’ll be a strong partner as we continue to grow QXO and create value for our shareholders.”
At Novelis, Ahuja was instrumental in completing the company’s $2.8 billion acquisition and integration of Aleris, an industrial manufacturer, and oversaw major initiatives for organic growth and operational excellence. During his tenure, Novelis raised $8 billion through M&A financings and debt refinancings.
Essaid has served as QXO’s CFO since July 2024. As vice chairman, he will oversee mergers and acquisitions and advance capital-raising activities, reporting to Jacobs.
“M&A is a core driver of value creation for QXO. Ihsan will continue to work closely with me as we pursue the company’s goal of $50 billion in annual revenue within the decade,” Jacobs says.
