WESCO International Appoints New CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy WCC?
Source: NASDAQ.COM
- Executive Change: WESCO International has appointed Indraneel Dev as Executive Vice President and Chief Financial Officer, succeeding Dave Schulz, who has served for 10 years and will retire in May 2026, ensuring a smooth transition in financial leadership.
- Transition Plan: Dev is set to join WESCO in February 2026 to facilitate a seamless handover before Schulz's retirement, ensuring continuity and stability in the company's financial management.
- Market Reaction: In pre-market trading on the New York Stock Exchange, WESCO International's stock fell by 5.88% to $284, reflecting market uncertainty regarding the executive change and its potential impact.
- Background Information: Prior to joining WESCO, Dev served as Chief Financial Officer and Chief Revenue Officer at Congruex LLC, bringing extensive financial management experience that is expected to provide new perspectives and strategic direction for WESCO.
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Analyst Views on WCC
Wall Street analysts forecast WCC stock price to fall
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 295.710
Low
245.00
Averages
292.67
High
307.00
Current: 295.710
Low
245.00
Averages
292.67
High
307.00
About WCC
WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company's segments include Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). EES segment supplies a range of products and solutions primarily to construction, industrial and original equipment manufacturer customers. EES product portfolio includes a range of electrical equipment and supplies, automation and connected devices, and others. CSS segment specializes in data center, network infrastructure and security solutions. In the security business, CSS offers on premise, cloud or hybrid comprehensive solutions for video surveillance, fire and intrusion detection, and others. UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers, broadband operators and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Positive Earnings Outlook: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth is projected at 8.4%, reflecting strong corporate profitability that could support stock market performance.
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