QXO names tech veteran Val Liborski as new CTO

Investing.com -- QXO Inc (NYSE:QXO) announced Wednesday the appointment of Val Liborski as chief technology officer (CTO), effective from April 21, 2025. Liborski, a global tech veteran, previously held the same role at Yahoo and HelloFresh (OTC:HLFFF). He also led engineering and product management at Amazon (NASDAQ:AMZN) Web Services and later managed the technology for Amazon’s consumer business expansion in Europe. Early in his career, Liborski held senior engineering positions at Microsoft (NASDAQ:MSFT), where he developed large-scale data systems for Bing and advanced AI-driven advertising platforms.

Brad Jacobs, chairman and chief executive officer of QXO, praised Liborski’s background in high-performance companies where effective execution is crucial for market leadership. He believes Liborski’s experience leading world-class teams at innovative companies provides QXO with a significant competitive edge.

QXO is setting its sights on becoming a leader in the $800 billion building products distribution industry and aims to generate substantial value for shareholders. The company’s target is to achieve an annual revenue of $50 billion in the next decade through a combination of accretive acquisitions and organic growth.

In its latest strategic move, QXO recently signed a definitive agreement to acquire Beacon Roofing Supply (NASDAQ:BECN) for around $11 billion. This acquisition, expected to close the week of April 28, 2025, will make QXO the second-largest distributor of roofing products in the United States. In addition to its distribution business, QXO also offers technology solutions to clients in the manufacturing, distribution, and service sectors.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.MSFT: is this perennial leader facing new challenges?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is MSFT one of them?

Unlock ProPicks AI to find out