QXO, Inc. filed a Form 8-K on August 24, 2026, reporting the appointment of Ken West as President and Chief Operating Officer, effective September 1, 2026, along with the terms of his compensation package.

Key Highlights

  • New appointment: Ken West, age 49, was appointed President and Chief Operating Officer of QXO, Inc., effective September 1, 2026.
  • Prior role: West joins from Honeywell Technologies, where he most recently served as President and Chief Executive Officer of Honeywell Process Technology beginning January 2026.
  • Base salary: West will receive an annual base salary of $850,000 and an initial annual target bonus equal to 125% of his base salary.
  • Sign-on equity award: West is expected to receive Sign-On RSUs with a grant-date value of $5,500,000, vesting 50% on the second anniversary and 50% on the fourth anniversary of the grant date.
  • New Hire RSUs: An additional equity incentive award of RSUs with a grant-date value of $2,500,000 is expected, vesting in full on the one-month anniversary of the grant date.
  • Annual LTI awards: Prorated annual long-term incentive awards consisting of RSUs and PSUs, each with a grant-date value of $867,808, are intended to be granted on or about September 15, 2026, subject to Committee approval.
  • PSU performance period: Earned PSUs will range from 0% to 225% of target, tied to total stockholder return relative to S&P 500 companies, with the performance period ending December 31, 2030.

QXO Discloses West's Compensation Structure and Prior Experience

According to the filing, QXO, Inc. (NYSE:QXO) appointed Ken West as President and Chief Operating Officer on August 21, 2026, with an effective date of September 1, 2026. The company disclosed that West, age 49, brings "more than 20 years of experience leading large, complex industrial businesses across operations, strategy, finance, and integration." Before joining QXO, West held multiple senior positions at Honeywell Technologies, including President and Chief Executive Officer of its Energy and Sustainability Solutions segment from January 2024 to December 2025, and President of Honeywell Advanced Materials from January 2022 to July 2023. Prior to Honeywell, the filing states he spent 13 years at PPG Industries, Inc. (NYSE: PPG) in roles spanning operations, integration, corporate planning, and finance.

The filing describes West's compensation under an offer letter providing an $850,000 annual base salary and a target annual bonus of 125% of base salary, with the 2026 bonus subject to pro-ration based on his start date. On or about September 15, 2026, subject to approval by the Compensation and Talent Committee, the company intends to grant annual LTI awards in the form of time-based RSUs and performance-based PSUs, each with a grant-date value of $867,808. The RSUs vest over four years at specified percentages on each anniversary of the grant date, while PSUs will be earned based on the company's total stockholder return relative to S&P 500 companies over a period ending December 31, 2030.

In addition, the filing discloses a Sign-On RSU award with a grant-date value of $5,500,000, vesting equally over the second and fourth anniversaries of the grant date, and a New Hire RSU award valued at $2,500,000, vesting in full one month after the grant date. All shares received upon settlement of both the annual LTI RSUs and PSUs are subject to a one-year restriction on sales and transfers following vesting. The filing notes that the full Offer Letter will be filed as an exhibit to the company's Quarterly Report on Form 10-Q for the period ending September 30, 2026. The filing also states that no family relationships exist between West and any director or executive officer, and that no arrangements or understandings governed his selection as an officer.

What Was Disclosed

QXO, Inc. reported the appointment of Ken West as President and Chief Operating Officer, effective September 1, 2026, and disclosed the terms of his offer letter, including base salary, target bonus, sign-on equity, new hire equity, and annual long-term incentive awards subject to Committee approval.