WESCO International Announces Leadership Transition
WESCO International, Inc. (NYSE: WCC), a prominent provider of business-to-business distribution, logistics services, and supply chain solutions, is poised for a significant leadership change. The company has announced the upcoming retirement of its Executive Vice President and Chief Financial Officer, Dave Schulz. Alongside this announcement, WESCO is welcoming Indraneel "Neel" Dev as the new Executive Vice President and Chief Financial Officer.
Retirement of Dave Schulz
Dave Schulz has played an integral role at WESCO, contributing to its growth and success for over a decade. His decision to retire in May signifies a new chapter in his life and career. The company has stated that Mr. Dev will step into the role in February to ensure a seamless transition, allowing for continuity and stability during this period of change.
Indraneel Dev's Impressive Background
Indraneel Dev brings a wealth of experience to WESCO, having previously served as the Chief Financial Officer and Chief Revenue Officer at Congruex LLC. His leadership achievements extend to positions at Lumen Technologies, where he had a significant impact during his tenure. Mr. Dev's career also includes senior finance roles at established firms like Level 3 Communications, MCI, and MFS Communications. His academic credentials are impressive, with a B.A. in Mathematics from the University of Delhi and an MBA from the University of Arizona, complemented by his status as a CFA charterholder.
Comments from the CEO
WESCO's Chairman, John J. Engel, expressed confidence in Neel as a seasoned financial leader who possesses extensive experience across multiple end markets served by WESCO. Engel highlighted Neel's capability to navigate complex financial landscapes and to foster growth and value creation effectively. Engel noted, "Neel is an excellent addition to our executive management team, and his skills will bolster our strategy as we continue executing our growth initiatives and achieving our financial targets."
A Tribute to Dave Schulz
In addition to welcoming Neel Dev, Engel offered heartfelt thanks to Dave Schulz for his devoted service and the remarkable contributions he has made over the years. The company leadership conveyed deep respect for Schulz’s partnership and commitment in shaping WESCO into the thriving business it is today. WESCO extends its very best wishes to him and his family as he embarks on this new phase of life.
About WESCO International
WESCO International is a recognized leader in providing distribution, logistics services, and supply chain solutions. Based in Pittsburgh, WESCO is a FORTUNE 500 company boasting approximately $24 billion in annual sales as of 2025. The company specializes in delivering premier services across various sectors, providing a comprehensive portfolio that includes electrical solutions, communications and security solutions, and utility and broadband services.
With a skilled workforce of about 21,000 employees and a vast network of suppliers, WESCO serves thousands of clients globally. Their extensive product offering, combined with end-to-end supply chain services, positions WESCO as a trusted partner for many commercial and industrial businesses, telecommunications providers, and utilities. Operating over 700 locations worldwide, including distribution and fulfillment centers, WESCO ensures local presence alongside a robust global network.
Frequently Asked Questions
Who is the new CFO of WESCO International?
Indraneel "Neel" Dev has been appointed as the new Executive Vice President and Chief Financial Officer.
When is Dave Schulz retiring?
Dave Schulz is set to retire in May 2026.
What is WESCO International's main business focus?
WESCO specializes in business-to-business distribution, logistics services, and supply chain solutions.
How long has Dave Schulz been with WESCO?
Dave Schulz has been with WESCO for over 10 years, contributing significantly to its growth.
What is the company’s annual sales as of 2025?
WESCO International reported approximately $24 billion in annual sales for 2025.
