QXO, Inc. filed a Form 8-K with the SEC on November 12, 2026, announcing the appointment of Dev Ahuja as Chief Financial Officer effective January 2027 and the concurrent promotion of current CFO Ihsan Essaid to Vice Chairman.

Key Highlights

  • New CFO appointment: Dev Ahuja, age 61, was appointed Chief Financial Officer, with an anticipated start date in January 2027.
  • Predecessor role: Ihsan Essaid, CFO since July 2024, will be promoted to Vice Chairman upon Ahuja's start date, overseeing mergers and acquisitions and capital-raising activities.
  • Base salary: Ahuja will receive an annual base salary of $900,000 and an annual target bonus equal to 115% of his base salary.
  • Equity awards: Planned March 2027 grants include Sign-On RSUs with a grant-date value of $4,500,000, annual RSUs valued at $1,137,500, and performance-based RSUs valued at $2,112,500, all subject to Committee approval.
  • New Hire RSUs: On his start date, Ahuja will receive New Hire RSUs with a grant-date value of $1,151,570, vesting in full on the one-month anniversary of the grant date.
  • Prior employer: Ahuja joins from Novelis Inc., where he served as Executive Vice President and Chief Financial Officer since 2016.
  • Relocation requirement: Ahuja's employment is expressly conditioned on his relocation to Greenwich, Connecticut.

Dev Ahuja CFO Appointment and Compensation Terms at QXO

According to the filing, QXO, Inc. (NYSE:QXO) announced on November 12, 2026 that Dev Ahuja will join the company as Chief Financial Officer, with the role effective as of his anticipated start date in January 2027. The company disclosed that Ahuja, age 61, brings more than two decades of experience leading financial operations for growth-oriented companies. He joins from Novelis Inc., where he served as Executive Vice President and Chief Financial Officer since 2016. Prior to Novelis, he held CFO roles at Alcon North America, Alcon Japan, and Novartis AG's South Korean business, according to the filing.

The filing states that Ahuja's offer letter provides for an annual base salary of $900,000 and an annual target bonus equal to 115% of his base salary. In March 2027, subject to approval by the Compensation and Talent Committee, he is eligible to receive time-based RSUs with a grant-date value of $1,137,500 and performance-based RSUs with a grant-date value of $2,112,500. The 2027 RSUs vest 25% annually over four years. The 2027 PSUs are earned based on QXO's total stockholder return relative to S&P 500 companies over two performance periods ending December 31, 2028 and December 31, 2030 respectively, with earned PSUs ranging from 0% to 225% of target, the filing noted.

The company also disclosed that Ahuja will receive a Sign-On RSU award with a grant-date value of $4,500,000, vesting 25% annually over four years, plus a Relocation RSU award of $150,000 and a New Hire RSU award of $1,151,570, both vesting on the one-month anniversary of their grant dates. All shares received upon settlement of the RSUs and PSUs are subject to a one-year post-vesting transfer restriction, according to the filing. The company disclosed that no family relationships exist between Ahuja and any director or executive officer of QXO.

What Was Disclosed

QXO, Inc. reported the CFO appointment of Dev Ahuja effective January 2027, the promotion of outgoing CFO Ihsan Essaid to Vice Chairman, and the full compensation terms of Ahuja's offer letter, including salary, bonus target, and multiple equity award components.