By Colin Kellaher
Wesco International's top finance executive, Dave Schulz, plans to retire from the provider of business-to-business distribution, logistics services and supply-chain solutions later this year.
Wesco on Tuesday said it has hired Indraneel Dev to succeed Schulz as executive vice president and chief financial officer of the Pittsburgh company later this month.
Schulz, who has been Wesco's finance chief since 2016, will remain as executive vice president and a special adviser until he retires at the end of May, the company said.
Dev, 54 years old, most recently served as chief financial and revenue officer of a communications network infrastructure design, engineering and construction company, Congruex.
Wesco said Dev will receive an annual base salary of $800,000, a $500,000 cash sign-on bonus and an annual bonus with a target bonus of 100% of his base pay, with up to a total bonus opportunity of 200%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 10, 2026 06:26 ET (11:26 GMT)
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