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PITTSBURGH - Wesco International (NYSE:WCC), a business-to-business distribution and supply chain solutions provider and prominent player in the Trading Companies & Distributors industry, announced Tuesday that Dirk Naylor will be promoted to Executive Vice President and General Manager of Communications and Security Solutions (CSS), effective June 30, 2025. The company, currently valued at $8.38 billion, has demonstrated strong financial health according to InvestingPro analysis.
Naylor, who has been with the company’s leadership team since 2005, will succeed William C. Geary II, who is departing to become CEO of a private equity-backed company.
According to the company’s press release, Naylor most recently served as Senior Vice President and General Manager for USA and Global Accounts. During his tenure, he supported key CSS initiatives including the company’s cross-selling program, the acquisition of Rahi Systems in 2022, and the formation of Wesco Data Center Solutions, as well as the acquisition of Ascent, LLC in 2024.
"I am confident that Dirk’s strong leadership, business acumen and track record of profitable sales growth will positively impact Wesco," said John Engel, Chairman, President and CEO of Wesco International.
Wesco International, headquartered in Pittsburgh, Pennsylvania, reported approximately $22 billion in annual sales in 2024. The company employs about 20,000 people and operates more than 700 sites in approximately 50 countries, providing distribution, logistics services and supply chain solutions. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value calculations, with 8 additional exclusive insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Wesco International announced a quarterly cash dividend of $0.45375 per share, payable on June 30, 2025, highlighting its strong financial position with reported annual sales of approximately $22 billion in 2024. KeyBanc raised its price target for Wesco International to $210 from $180, maintaining an Overweight rating, citing growth in the company’s data center business and pricing actions that could benefit future estimates. Conversely, Loop Capital reduced its price target to $220 from $250, while still holding a Buy rating, emphasizing the company’s datacenter-driven performance and sales outlook. Oppenheimer also adjusted its price target to $195 from $225, maintaining an Outperform rating, noting that while Wesco’s sales exceeded expectations, earnings per share and margins faced challenges. During its Annual Meeting of Stockholders, Wesco shareholders elected ten directors and approved key proposals, including executive compensation and amendments to the company’s Restated Certificate of Incorporation. However, a shareholder proposal to call for special meetings was not approved. The appointment of PricewaterhouseCoopers LLP as Wesco’s independent registered public accounting firm was ratified, reflecting shareholder confidence in the company’s leadership and strategic direction. These recent developments underscore Wesco’s ongoing efforts to navigate market challenges while leveraging its strengths in data center solutions.
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