WESCO INTERNATIONAL INC 8-K

What Happened
WESCO International announced a planned CFO transition in an 8‑K filed Feb 10, 2026. Longtime Chief Financial Officer David S. Schulz plans to retire effective May 31, 2026; he will remain as EVP & CFO through a mutually agreed date in February 2026, then serve as Executive Vice President and Special Advisor to the CEO until retirement. The company named Indraneel “Neel” Dev (age 54) as the incoming Executive Vice President and Chief Financial Officer, effective on the same mutually agreed February 2026 date when Mr. Schulz steps down as CFO. The company also issued a press release on Feb 10, 2026 (Exhibit 99.1).

Key Details

• David S. Schulz has been WESCO’s CFO since 2016 and stated his retirement is not due to any disagreement with the company.
• New CFO Indraneel Dev’s background: CFO/CRO at Congruex (2023–Jan 2026), CFO at Lumen Technologies (2018–Apr 2022), prior senior finance roles at Level 3, MCI, MFS; B.A. in Mathematics (University of Delhi) and MBA (University of Arizona).
• Dev’s pay package: $800,000 annual base salary; target bonus 100% of base (total bonus opportunity up to 200%); 2026 bonus prorated.
• Signing and equity awards: $500,000 cash sign-on; RSU grants valued at $1.5M (2‑yr cliff) and $2.8M (3‑yr cliff); expected 2026 equity award value of $2.7M (25% options, 25% RSUs, 50% PSUs). Additional matching stock options up to 2x base salary based on purchases in first 12 months.
• Severance and protections: one year’s base salary plus prorated bonus and one year of medical/vision continuation if terminated without cause or for good reason; customary noncompete/nonsolicit for one year post‑employment. No related-party transactions or family relationships reported.

Why It Matters
A CFO change is material for investors because it affects who will oversee financial reporting, capital allocation and investor communications. WESCO has announced a near-term, orderly handover with Schulz staying through the transition and then advising the CEO, which supports continuity. The new CFO’s substantial sign‑on and equity package signals the company’s commitment to retain him and aligns his interests with shareholders, and the pro‑rata 2026 compensation/timing may affect near‑term compensation expense disclosures. Investors should note the announced dates, compensation details, and that a press release was issued on Feb 10, 2026.