WESCO names Indraneel "Neel" Dev as CFO; Schulz to retire in May

Pittsburgh distributor prepares leadership handover

WESCO International is moving forward with a planned change at the top of its finance organization as Executive Vice President and CFO Dave Schulz notifies the company he expects to retire in May and Indraneel “Neel” Dev joins in February to begin the transition.

WESCO names Neel Dev to guide financial strategy

WESCO appoints Indraneel “Neel” Dev as Executive Vice President and Chief Financial Officer, citing his cross‑industry financial, commercial and operational experience as central to accelerating the company’s strategic initiatives. Dev joins from Congruex LLC, where he most recently serves as CFO and Chief Revenue Officer, and brings prior senior finance roles at Lumen Technologies, Level 3 Communications, MCI and MFS Communications. He holds a B.A. in Mathematics from the University of Delhi, an MBA from the University of Arizona and is a CFA charterholder.

Company executives stress the appointment is part of a deliberate succession plan designed to maintain continuity as WESCO pursues growth and efficiency across its distribution, logistics and supply‑chain offerings. John Engel, WESCO’s chairman, president and CEO, is publicly praising Dev’s background in both finance and revenue operations and frames the hire as supportive of the company’s push to meet its strategic and financial targets. Dev’s February start date is intended to ensure an orderly handover ahead of Schulz’s May retirement.

The company also formally thanks Schulz for a decade of service in building the “new WESCO,” noting his contributions to business partnerships, shareholder value and community impact. Schulz’s tenure includes leading finance through a period of operational transformation and expansion of digital and end‑to‑end supply‑chain capabilities that executives say positions WESCO for continued execution under new financial leadership.

WESCO scale and market footprint

Headquartered in Pittsburgh, WESCO reports roughly $24 billion in annual sales for 2025 and employs about 21,000 people globally. The company supplies millions of products and offers end‑to‑end supply‑chain and digital capabilities across Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions.

Board perspective and strategic implications

Wesco’s board expresses strong support for the transition and for Dev’s role in supporting growth initiatives, while reiterating the company’s focus on serving thousands of customers through partnerships with premier suppliers and on leveraging its logistics and digital platforms to compete in key end markets.