Who is Michael DeWitt, QXO's new Chief Procurement Officer?
QXO is recognised as the largest publicly-traded distributor of roofing, waterproofing and complementary building products in the US.
The company's ambition is best demonstrated by its goal to become the tech-enabled leader of the US$800bn building products distribution industry.
Now, QXO has announced the appointment of Michael DeWitt as Chief Procurement Officer, effective immediately, putting him in charge of the firm's ongoing procurement transformation.
A specialist in transformation
Michael joins QXO having spent the last eight years as the Vice President of International Spend Management at Walmart International, where he was responsible for US$10bn of purchasing and digital transformation across 18 countries.
He also has almost three decades of experience in procurement innovation across multiple industries and continents.
Brad Jacobs, Chairman and Chief Executive Officer of QXO, says: "Michael has redefined what best-in-class procurement looks like.
"He's driven billions in savings, pioneered the use of AI in sourcing and built global teams that outperform. With his leadership, we expect to unlock significant value through procurement as we scale our platform."
Brad added on LinkedIn that the company liked what Walmart was doing with AI in procurement, "so we hired one of the people driving it".
At Walmart, Michael helped to spearhead the adoption of next-generation procurement technologies, including autonomous negotiation systems and AI-powered sourcing tools.
His initiatives more than doubled annual savings in three years, while fostering a culture of innovation across Walmart's global footprint.
An impressive track record
Previously, Michael served as Chief Procurement Officer at Highmark Health, where he managed US$8bn in spend across five lines of business, establishing industry-leading performance benchmarks in procurement ROI.
Earlier in his career, he held senior sourcing leadership roles at Bayer, MEDRAD, Hewlett Packard and other global manufacturers.
His career in logistics and inventory management began in the US Air Force.
Sharing his new position on his LinkedIn page, Michael wrote: "Let's make big things happen."
