QXO has chosen Novelis finance chief Dev Ahuja to become its CFO as the North American building products group pursues annual revenue of $50 billion within the decade.
The company announced the appointment Nov. 12. Ahuja is expected to take over in January 2027, when current CFO Ihsan Essaid is due to become vice chairman. QXO said Essaid will guide its acquisitions and fundraising efforts, reporting to Chairman and CEO Brad Jacobs.
Ahuja has run finance at Novelis since 2016, and QXO says his experience leading financial operations spans more than two decades. Earlier CFO posts included work for Alcon in North America and Japan and Novartis in South Korea.
QXO said Ahuja helped bring Novelis' $2.8 billion purchase of Aleris to completion and integrate the company. Across his tenure, Novelis secured $8 billion via debt refinancings and M&A financings, the company said.
QXO supplies building products and installation services across North America. It aims to pair acquisitions with growth from existing operations to meet the revenue goal. Jacobs said, “M&A is a core driver of value creation for QXO.”
The handover is due in January 2027.
