WESCO International, Inc. has revealed significant leadership changes, marking the impending retirement of Dave Schulz, the Executive Vice President and Chief Financial Officer (CFO). Schulz plans to retire in May 2026, and the company has appointed Indraneel “Neel” Dev as his successor. Dev is set to join WESCO in February 2026 to facilitate a seamless transition.
Mr. Dev brings a wealth of experience from his previous roles, most notably as CFO and Chief Revenue Officer of Congruex LLC, a firm specializing in communications network infrastructure. His extensive background also includes serving as CFO at Lumen Technologies and various senior finance positions at Level 3 Communications, MCI, and MFS Communications. He holds a Bachelor of Arts in Mathematics from the University of Delhi and an MBA from the University of Arizona, in addition to being a Chartered Financial Analyst (CFA).
WESCO’s Chairman, President, and CEO, John J. Engel, expressed strong confidence in Dev’s capabilities. “Neel is a seasoned CFO with extensive financial, commercial, and operational experience in multiple WESCO-served end markets,” Engel stated. He praised Dev’s ability to navigate complex financial landscapes, highlighting his record of fostering growth and creating value.
Engel also took a moment to acknowledge Schulz’s contributions, saying, “On behalf of our Board of Directors and our entire WESCO team, I would like to thank Dave for his outstanding and dedicated service and tremendous contributions to our WESCO success over the past 10 years.” Engel emphasized his respect for Schulz and expressed best wishes for his future.
Founded in 1977, WESCO International is headquartered in Pittsburgh, Pennsylvania. The company has established itself as a leader in business-to-business distribution, logistics services, and supply chain solutions, reporting approximately $24 billion in annual sales for 2025.
WESCO offers a comprehensive portfolio of products and services, including Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. With a workforce of around 21,000 employees, the company collaborates with premier suppliers and serves a diverse customer base globally. Operating over 700 locations in nearly 50 countries, WESCO is well-positioned to meet the needs of commercial and industrial businesses, technology firms, telecommunications providers, and utilities.
The leadership transition comes at a pivotal moment for WESCO as it continues to execute its growth strategies and enhance value for its shareholders. The company’s robust infrastructure and experienced leadership team will be crucial as it navigates the future landscape of business-to-business distribution and logistics services.
