WESCO International, Inc. Announces Upcoming Retirement of Dave Schulz, EVP and CFO, and Appointment of Indraneel Dev as EVP and CFO

Rhea-AI Summary

WESCO International (NYSE: WCC) announced the planned retirement of Executive Vice President and Chief Financial Officer Dave Schulz in May 2026 and the appointment of Indraneel "Neel" Dev as EVP and CFO, with Mr. Dev joining in February 2026 to enable a transition.

The release highlights Mr. Dev's prior CFO roles at Congruex and Lumen, his MBA and CFA credential, and thanks Mr. Schulz for 10 years of service.

Positive

• Successor hired before retirement: Neel Dev joins in February 2026
• Experienced CFO: Dev held CFO roles at Congruex and Lumen and is a CFA

Negative

• CFO departure: Dave Schulz to retire in May 2026 after 10 years
• Transition risk: change in finance leadership during execution of strategic targets

News Market Reaction

-5.27%

24 alerts

-5.27% News Effect

+7.6% Peak Tracked

-4.9% Trough Tracked

-$827M Valuation Impact

$14.86B Market Cap

0.5x Rel. Volume

On the day this news was published, WCC declined 5.27%, reflecting a notable negative market reaction. Argus tracked a peak move of +7.6% during that session. Argus tracked a trough of -4.9% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $827M from the company's valuation, bringing the market cap to $14.86B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Planned CFO retirement: May 2026 CFO transition start: February 2026 Tenure of outgoing CFO: 10 years

3 metrics

Planned CFO retirement May 2026 Expected retirement date for outgoing EVP and CFO Dave Schulz

CFO transition start February 2026 Indraneel Dev joins as EVP and CFO to support transition

Tenure of outgoing CFO 10 years CEO highlights Schulz’s decade of service at Wesco

Market Reality Check

Price: $300.92 Vol: Volume 1,241,800 is about...

high vol

$300.92 Last Close

Volume Volume 1,241,800 is about 2.3x the 20-day average of 539,995, indicating elevated trading interest ahead of the CFO transition. high

Technical Shares at $301.69 are trading above the 200-day MA of $221.91 and about 5.63% below the 52-week high of $319.675.

Peers on Argus

WCC fell 4.31% with elevated volume, while key peers mostly showed smaller decli...

WCC fell 4.31% with elevated volume, while key peers mostly showed smaller declines: AIT -2.93%, CNM -1.87%, WSO -1.52%, POOL -0.69%, and QXO up 1.35%. With no peers in the momentum scanner, the move appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Jan 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 21	AI recognition	Positive	+3.4%	Named #10 on Fortune’s AIQ50 list highlighting AI-driven business value.
Jan 20	Earnings call notice	Neutral	-1.9%	Announcement of scheduling and access details for Q4 and full-year 2025 call.
Dec 08	Board refresh	Positive	-1.4%	Appointment of two new independent directors and planned retirements in 2026.
Dec 01	Dividend declaration	Positive	+0.1%	Declared quarterly cash dividend and reiterated global scale and 2024 sales.
Oct 30	Earnings results	Positive	+10.5%	Record Q3 2025 sales, EPS growth, higher guidance, and growing backlog.

Pattern Detected

Recent news has generally seen aligned price reactions, with strong fundamentals and recognition events often accompanied by positive moves, while governance changes have occasionally met with softer or negative reactions.

Recent Company History

Over the past few months, Wesco has reported record Q3 2025 results with higher sales, EPS, and raised guidance, which coincided with a strong positive price reaction. The company also declared a regular quarterly dividend and was named to Fortune’s inaugural AIQ50 list, both aligning with stable to positive moves. Board refreshment and earnings-call scheduling produced modest negative reactions. Today’s CFO transition follows this pattern of governance-related announcements against a backdrop of solid operating performance and ongoing capital returns.

Market Pulse Summary

The stock moved -5.3% in the session following this news. A negative reaction despite the orderly na...

Analysis

The stock moved -5.3% in the session following this news. A negative reaction despite the orderly nature of the CFO transition fits a pattern where governance updates sometimes draw cautious responses. The announcement outlines an overlap period from February 2026 to May 2026, but markets can still interpret leadership changes as adding uncertainty around strategy or financial execution. Past news flow shows fundamentals have been strong, so any sustained weakness could depend on how smoothly the new finance leader integrates with ongoing growth and capital-return plans.

Key Terms

cfa charterholder

1 terms

cfa charterholder financial

"he is a CFA charterholder."

A CFA charterholder is a finance professional who has passed a series of rigorous exams and met work‑experience and ethics requirements to earn the Chartered Financial Analyst credential. For investors, that credential acts like a trusted license or “black belt” in investment analysis and portfolio management, signaling tested knowledge, disciplined methods, and a commitment to ethical standards—qualities that help evaluate the credibility of financial advice and research.

AI-generated analysis. Not financial advice.

PITTSBURGH, Feb. 10, 2026 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces the upcoming retirement of Dave Schulz, Executive Vice President and Chief Financial Officer, and the appointment of Indraneel "Neel" Dev as Executive Vice President and Chief Financial Officer. Mr. Schulz notified the Company that he expects to retire in May 2026, and Mr. Dev will join the Company in February 2026 to ensure a smooth transition.

Most recently, Mr. Dev served as the Chief Financial Officer and Chief Revenue Officer of Congruex LLC, a communications network infrastructure design, engineering and construction company. Prior to Congruex, Mr. Dev served as Chief Financial Officer of Lumen Technologies. He previously held various senior finance leadership roles at Level 3 Communications, MCI, and MFS Communications. Mr. Dev holds a B.A. in Mathematics from the University of Delhi (India) and an MBA from the University of Arizona, and he is a CFA charterholder. 

Mr. John J. Engel, Wesco's Chairman, President and CEO stated, "Neel is a seasoned CFO with extensive financial, commercial and operational experience in multiple Wesco-served end markets. In his leadership roles for both public and private companies, he has demonstrated an ability to navigate complex financial environments and deliver superior growth and value creation. Neel is an excellent addition to our executive management team and will help us as we continue to accelerate our Wesco strategy, execute our growth initiatives, deliver our financial targets, and create value for our stockholders."

Mr. Engel, continued, "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. I have the utmost respect for Dave and greatly appreciate our business partnership in building the new Wesco. We extend our very best wishes to Dave and his family."

About Wesco International
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $24 billion in annual sales in 2025 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 21,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and significant digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact Information: 

Scott Gaffner
Senior Vice President, Investor Relations
Scott.Gaffner@Wescodist.com

Jennifer Sniderman
Vice President, Corporate Communications
Jennifer.Sniderman@Wescodist.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wesco-international-inc-announces-upcoming-retirement-of-dave-schulz-evp-and-cfo-and-appointment-of-indraneel-dev-as-evp-and-cfo-302683193.html

SOURCE Wesco International

FAQ

When will WESCO (WCC) CFO Dave Schulz officially retire and who succeeds him?

Dave Schulz expects to retire in May 2026; Indraneel Dev will replace him. According to the company, Mr. Dev will join WESCO in February 2026 to enable a smooth transition and assume EVP and CFO responsibilities ahead of the retirement.

What relevant experience does WESCO's new CFO Indraneel Dev bring to WCC?

Neel Dev brings prior CFO roles at Congruex and Lumen plus senior finance experience. According to the company, he has held finance leadership at Level 3, MCI and MFS, holds an MBA and is a CFA charterholder.

How will the WESCO CFO transition timeline affect investors in 2026?

The company plans an early successor start to limit disruption, with Dev joining in February 2026. According to the company, overlap through May 2026 aims to preserve continuity while leadership executes growth and financial targets.

Does WESCO (WCC) expect operational disruption from the CFO change?

WESCO emphasizes a smooth handover by starting the new CFO early in February 2026. According to the company, the overlap with the retiring CFO through May 2026 is intended to reduce execution risk and maintain financial continuity.

What credentials and education does WESCO's incoming CFO have for the WCC role?

Indraneel Dev holds a B.A. in Mathematics, an MBA, and is a CFA charterholder. According to the company, his academic credentials and public- and private-company CFO experience support his ability to manage WESCO's financial strategy.