Wesco International Inc.
WESCO International Announces CFO Retirement and Appointment
Summary
WESCO International, Inc. announced on February 10, 2026, the retirement of David S. Schulz, its Executive Vice President and Chief Financial Officer, effective May 31, 2026. Indraneel 'Neel' Dev has been appointed as the new EVP and CFO, effective from a mutually agreed date in February 2026. Mr. Dev, a seasoned financial executive with experience at Congruex LLC and Lumen Technologies, will receive an annual base salary of $800,000, a sign-on cash bonus of $500,000, and equity grants totaling $4.3 million, which will vest over two to three years. His compensation package also includes a target bonus of up to 200% of his base salary and various other benefits and protections.
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About Wesco International Inc.
Wesco International Inc. is a leading distributor of electrical, industrial, and communications maintenance, repair, and operating (MRO) products. This asset operates at the intersection of various sectors, playing a key role in providing essential supplies to a diverse array of industries, including construction, utility, industrial, and commercial businesses. Wesco International's extensive product portfolio includes electrical and industrial control components, wiring cables, lighting solutions, and safety and security devices. The company stands out for its integrated supply chain and value-added services, such as logistics management, procurement services, and project support, which efficiently cater to customer needs across North America and globally. By delivering comprehensive supply chain solutions, Wesco International enhances operational efficiency and reliability for its clients. Founded in 1922 and headquartered in Pittsburgh, Pennsylvania, Wesco International has established itself as a pivotal player in the B2B distribution industry, underscoring its importance in connecting suppliers and customers with essential goods and services to support infrastructure and project endeavors.
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