Wesco appoints Indraneel Dev as CFO; Dave Schulz to retire May 2026

Wesco names Indraneel Dev to steer finance as Schulz plans May exit

CFO succession backs strategy and operational expansion

WESCO International is appointing Indraneel “Neel” Dev as executive vice president and chief financial officer as incumbent Dave Schulz notifies the company he expects to retire in May 2026. Dev joins in February to lead a phased handover, a move the company frames as designed to preserve financial continuity while accelerating strategic and growth initiatives across its distribution and supply‑chain businesses.

The appointment brings a finance leader with a mix of commercial and operational experience across communications, network and enterprise infrastructure markets that overlap with Wesco’s served end markets. Dev arrives from Congruex LLC, where he serves as chief financial officer and chief revenue officer, and he previously is CFO of Lumen Technologies with earlier senior finance roles at Level 3, MCI and MFS Communications. He holds a B.A. in mathematics, an MBA and is a CFA charterholder.

Wesco’s chairman, president and CEO John J. Engel frames the hire as targeted support for the company’s strategic priorities and financial targets, noting Dev’s background will help drive integration of digital and supply‑chain capabilities. The board and Engel also praise Schulz’s decade of leadership in reshaping the firm into what they call the “new Wesco,” crediting him with contributions to growth, shareholder value and community impact during his tenure.

Transition timetable and leadership remarks

Dev’s arrival in February creates a transition window of roughly three months before Schulz’s expected retirement in May, allowing for knowledge transfer on capital allocation, commercial finance and the company’s digital transformation programs. Engel publicly thanks Schulz for his service and partnership and says the board has “utmost respect” for his role in building the company’s current operating model.

Company footprint and capabilities

Headquartered in Pittsburgh, WESCO reports roughly $24 billion in annual sales for 2025 and employs about 21,000 people. The distributor offers millions of products and end‑to‑end supply‑chain and digital services across Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions, and partners with suppliers to serve thousands of customers globally.