Mike Welch is the former CEO of XPO, a prominent company in transportation and logistics. He has been involved in the industry for over 20 years, playing a key role since he co-founded Express-1, Inc. in 1989. Welch led XPO...

Mike Welch is the former CEO of XPO, a prominent company in transportation and logistics. He has been involved in the industry for over 20 years, playing a key role since he co-founded Express-1, Inc. in 1989. Welch led XPO from 2005 until 2011, overseeing significant growth in the company. He earned his Bachelor’s degree in Accounting from Nazareth College and has built a solid reputation in management. At one point, his performance-based bonuses reflected the company's revenue growth, which saw dramatic increases during a pivotal time. Interestingly, Welch's career also includes a brief separation in 2011, during which he forfeited his stock options. His insider trading history shows fluctuations of wealth tied to XPO shares, showcasing the highs and lows of stock performance. Overall, he has navigated through various challenges, adapting to the changing landscape of the logistics industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other XPO CEOs

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Mike Welch

Founder and Ex-CEO of XPO

Education

Bachelor's degree in Accounting from Nazareth College

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1960 - 65 years ago

CEO of XPO for

6 years 2 months (Jul 2005 - Sep 2011)

Previous Experience

CEO of Express-1, Inc.

Rivals

Competitors/colleagues of Mike Welch

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Greg C. Gantt

CEO of Old Dominion Freight Line

2023 Compensation

Stock

$4.26M

Salary

$499.77K

Bonus

$4.66M

Other

$325.15K

Total Holdings

$23.36M

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Frederick J. Holzgrefe, III

CEO of Saia

2023 Compensation

Stock

$0.00

Salary

$910.00K

Bonus

$0.00

Other

$160.69K

Total Holdings

$8.66M

Holdings

See how much did Mike Welch make over time.

During Mike Welch's tenure at XPO, his holdings reflected the company's performance in the stock market. At his peak, around early 2021, his insider trading activity showed a steady increase in wealth tied to XPO shares, reaching as high as...

During Mike Welch's tenure at XPO, his holdings reflected the company's performance in the stock market. At his peak, around early 2021, his insider trading activity showed a steady increase in wealth tied to XPO shares, reaching as high as $31.24 million in June. However, following his separation from the company in 2011, he forfeited stock options and saw fluctuations in his wealth from $25.30 million in December 2020 down to around $10 million by 2023. This illustrates a dramatic shift as his holdings were significantly affected by his departure from the company and the later stock performance. In summary, while Welch made substantial wealth from XPO stock, the dynamic market landscape posed challenges, showcasing the risks executives face with stock options dependent on company performance.

Mar 18, 2025

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shares

XPO @ $109.10

Insider Trading

See recent insider trades of Mike Welch.

No insider trades found for this CEO.

Compensation History

See how much did Mike Welch make over time.

Mike Welch's compensation history at XPO reflects the company's ups and downs. In 2007, for example, he earned $304,600 with a substantial bonus tied to revenue growth. His pay peaked at $724,561 in 2011, although he didn't receive a cash bonus that year, hinting at challenges faced during his last months. Performance-based bonuses were a vital part of his package, aligning with XPO's growth. Yet, after announcing his separation in September 2011, he lost all unvested stock awards. This gives a clear view of how intertwined executive earnings are with company performance and market shifts—both positive and negative. Welch navigated a challenging landscape, showing resilience in a competitive industry.

Year

2011

Total Compensation

$281.61K

Salary

$240.00K

Board Justification

The company aims to align executive compensation with stockholder interests and performance metrics, ensuring competitive and performance-based pay.

Bonus

$0.00

Board Justification

No annual cash incentive bonus was earned for 2011 due to separation from the company prior to year-end.

Other

$41.61K

Board Justification

Includes reimbursement for country club membership and other personal benefits.

Restricted Stock

$0.00(0 stock options)

Board Justification

No stock awards vested in 2011 as the stock options granted were forfeited upon separation.

Performance Metrics

Performance metrics for determining compensation were not applicable for Mr. Welch in 2011 due to his separation from the company.

Other XPO CEOs

Here are other CEOs of XPO

Bradley S. Jacobs

Ex-CEO of XPO

September 2011 - July 2023