# QXO Names Novelis CFO Dev Ahuja as CFO Starting in January 2027

By Sonny Jang

Canonical URL: https://www.tokenpost.com/news/people/55584
Published: 2026-11-12T15:42:00.000Z
Updated: 2026-11-12T15:42:00.000Z
Section: People

> Outgoing CFO Ihsan Essaid will become executive vice chairman, overseeing dealmaking and capital-raising efforts as QXO pursues a $50 billion annual revenue target.

QXO, Inc. named Novelis CFO Dev Ahuja its next chief financial officer on Nov. 12, with the January 2027 handoff shifting outgoing CFO Ihsan Essaid toward acquisitions and capital raising.

Essaid will become executive vice chairman and report to Chairman and CEO Brad Jacobs. His new responsibilities will include overseeing dealmaking and advancing the company’s capital-raising efforts. He has been QXO’s CFO since July 2024.

Ahuja has led finance at Novelis since 2016 and has more than 20 years of finance leadership experience. Earlier in his career, he held CFO positions at Alcon’s North American and Japanese operations and at Novartis’ South Korean business.

Ahuja’s annual base pay is set at $900,000, with a target bonus equal to 115% of that amount.

QXO distributes and installs building products in North America. Its goal is to reach $50 billion in annual revenue within the decade, using acquisitions and organic growth. Jacobs said, “M&A is a core driver of value creation for QXO.”

The CFO transition is scheduled for January 2027.