BNET Industries

Market Cap:$1.1B
Last Fiscal Year Sales:$6.0B
  • Public
  • US
Dow Jones Description

WESCO International, Inc. (NYSE: WCC) is a publicly traded Fortune 500 holding company, headquartered in Pittsburgh, Pennsylvania, whose primary operating entity is WESCO Distribution, Inc. WESCO Distribution is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is the nation's largest provider of integrated supply services. 2006 annual sales were approximately $5.3 billion. The Company employs approximately 7,000 people, maintains relationships with over 29,000 suppliers, and serves more than 110,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates seven fully automated distribution centers and approximately 400 full-service branches in North America and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations.

Chairman & CEO
Roy W. Haley
Number of Employees 7,300
Contact Information

225 West Station Square Drive

Suite 700

Pittsburgh, Pennsylvania 15219

www.wescodist.c...

(412) 454-2200

NAICS Code Other Building Material Dealers: 444190

Recent Events

  • Raymond James Downgrades WESCO International WCC to Market Perform

    10/23/09 - Bond / Stock Rating - View Story

  • United Parcel Net Falls; Dow Chemical Net Up 66%

    10/23/09 - Financial Announcement - View Story

  • Wesco 3rd-quarter profit tumbles, demand weak

    10/22/09 - Financial Announcement - View Story

  • Barclays Upgrades WESCO International WCC to Overweight

    9/11/09 - Bond / Stock Rating - View Story

  • WESCO Sales Fall 27% in Second Quarter

    7/23/09 - Financial Announcement - View Story

  • Wesco International names Haley new CEO

    5/28/09 - Mgmt. Change Entering - CEO - View Story

  • BRIEF: Wesco International names Haley president, chief executive

    5/28/09 - Mgmt. Change Entering - President - View Story

  • WESCO Announces Succession Plan

    5/27/09 - Board Member - Entering - View Story

  • UPDATE 1-Wesco replaces CEO, names CFO

    5/27/09 - Mgmt. Change Entering - Other - View Story

News & Analysis

wesco international inc. - All News and Analysis

  • WESCO International, Inc. Q2 2008 Earnings Call Transcript

    Seeking Alpha - 2008-07-24

    Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Deane Dray from Goldman Sachs. Please proceed. Deane Dray - Goldman Sachs Equity Research Thank you. Good morning, everyone. Steve, could we just follow-up with your comments, the clarification on organic revenue growth? In your remarks, you said...

    Tags: Wesco International Inc.

  • WESCO International, Inc. Q1 2008 Earnings Call Transcript

    Seeking Alpha - 2008-04-24

    Question-and-Answer Session[Operator Instructions] And your first question comes from the line of Deane Dray from Goldman Sachs. Please proceed. Deane Dray - Goldman Sachs Thank you. Good morning. I would love to get some commentary regarding the attempt to acquire IDG. Frankly, form the outsider looking in we would...

    Tags: Wesco International Inc.

  • WESCO International, Inc. Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-01-31

    Question-and-Answer Session[Operator Instructions]. The first question comes from the line of Matt Duncan with Stephens. Please proceed. Matt Duncan - Stephens Incorporated Good morning guys, and congrats on nice progress in the quarter. Unidentified Company Representative Thank you. Matt Duncan - Stephens Incorporated My questions really are two things;...

    Tags: Wesco International Inc.

Decision Makers

Name (plus bio) Position
John Engel COO & Senior Vice President
Stephen A. Van Oss Senior Vice President & Chief Finance & Admin Officer
Stephen A. Oss Senior Vice President
Donald H. Thimjon Vice President, Operations
James H. Mehta Vice President, Business Development
Patrick M. Swed Vice President, Operations
Robert B. Rosenbaum Vice President, Operations
Ronald P. Van Vice President, Operations
William M. Goodwin Vice President, Operations
Daniel Brailer Treasurer, Secretary & Director, Investor Relations

Board of Directors

Name (plus bio) Position
Roy W. Haley Chairman & CEO
George L. Miles Board of Directors
James L. Stem Board of Directors
Kenneth L. Way Board of Directors
Lynn M. Utter Board of Directors
Michael J. Cheshire Board of Directors
Robert J. Tarr Jr. Board of Directors
Sandra Beach Lin Board of Directors
Steven A. Raymund Board of Directors
William A. Raymund Board of Directors
William J. Vareschi Jr. Board of Directors

Organization Position Status
WESCO International, Inc. Chief Executive Officer Current
WESCO Distribution, Inc. Chairman & CEO Current
United Stationers Inc. Director Former
United Stationers Inc. Chair Current
WESCO International, Inc. Chairman Current
Federal Reserve Bank of Cleveland Chairman, Pittsburgh Office Current
WESCO Marine Engineering Board of Directors Current
CU*Answers Director Current
Cambrex Corporation Director Current
Federal Reserve Bank of Cleveland Board of Directors Current
American General President Former
American General Chief Operating Officer Former
American General Executive Former

Organization Position Status
WESCO Distribution, Inc. COO & Senior Vice President Current
WESCO International, Inc. COO & Senior Vice President Current

Mr. Van Oss has been Senior Vice President and Chief Financial and Adminstrative Officer since July 2004 and, from 2000 to July 2004, served as the Vice President and Chief Financial Officer. Mr. Van Oss also served as our Director, Information Technology from 1997 to 2000 and as our Director, Acquisition Management in 1997. From 1995 to 1996, Mr. Van Oss served as Chief Operating Officer and Chief Financial Officer of Paper Back Recycling of America, Inc. He also held various management positions with Reliance Electric Corporation. In April 2008, Mr. Van Oss was elected to the board of directors for Cooper-Standard Holdings, Inc. and its principal operating entity, Cooper-Standard Automotive, Inc. and is chairman of its audit committee. Additionally, he is a trustee of Robert Morris University and serves on the finance and government committees.

Organization Position Status
WESCO International, Inc. Senior Vice President & Chief Finance & Admin Officer Current
WESCO Distribution, Inc. CFO, Chief Admin Officer & Senior Vice President Current
WESCO International, Inc. CFO & Senior Vice President, Admin Current

Organization Position Status
WESCO International, Inc. Senior Vice President Current

Organization Position Status
WESCO Distribution, Inc. Vice President, Operations Current
WESCO International, Inc. Vice President, Operations Current

Organization Position Status
WESCO International, Inc. Vice President, Business Development Current

Organization Position Status
WESCO Distribution, Inc. Vice President, Operations Current
WESCO International, Inc. Vice President, Operations Current

Organization Position Status
Bruckner Supply Co., Inc. President Current
WESCO International, Inc. Vice President, Operations Current
WESCO Distribution, Inc. Vice President, Operations Current

Organization Position Status
WESCO Distribution, Inc. Vice President, Operations Current
WESCO International, Inc. Vice President, Operations Current

Organization Position Status
WESCO Distribution, Inc. Vice President, Operations Intl, Manufacturing Current
WESCO International, Inc. Vice President, Operations Current

Organization Position Status
WESCO International, Inc. Treasurer, Secretary & Director, Investor Relations Current
WESCO International, Inc. Treasurer, Secretary & Director, Investor Relations Former

Mr. Miles has been President and Chief Executive Officer of WQED Multimedia, a multimedia company, since September 1994. Mr. Miles is also a director of Equitable Resources, Chester Engineers, Inc., HFF, Inc., University of Pittsburgh, UPMC, Harley-Davidson, Inc., and American International Group, Inc.

Organization Position Status
WESCO International, Inc. Board of Directors Current

Organization Position Status
WESCO International, Inc. Board of Directors Current

Mr. Way served as Chairman of Lear Corporation, a supplier of automotive interior systems and components, from 1988 to 2003, and has been affiliated with Lear Corporation and its predecessor companies for 36 years in engineering, manufacturing, and general management capacities. Mr. Way retired on January 1, 2003. Mr. Way is also a director of Comerica, Inc., CMS Energy Corporation, and Cooper-Standard Automotive, Inc.

Organization Position Status
WESCO International, Inc. Board of Directors Current
CMS Energy Corporation Board of Directors Current
Comerica Incorporated Board of Directors Current
Lear Corporation Chief Executive Officer Former
WESCO International, Inc. Director of Comerica Inc Former
Comerica Incorporated Director Former
Lear Corporation Chairman Former

Lynn M. Utter was appointed President and Chief Operating Officer of Knoll North America, a designer and manufacturer of office furniture products, in March 2008. Prior to joining Knoll, she was Chief Strategy Officer for Coors Brewing Company, an international brewing company, from 2003 to February 2008 and held a number of senior operating and strategic planning positions after joining Coors in 1997. Prior to joining Coors, Ms. Utter’s experience included six years with Frito Lay and four years with Strategic Planning Associates, LLC. Ms. Utter has served as a Trustee for Mile High United Way and for the McCombs Business School Foundation, and she is a member of several development boards at The University of Texas and Stanford University.

Organization Position Status
WESCO International, Inc. Board of Directors Current

Organization Position Status
Del Global Technologies Corp. Director Current
WESCO Marine Engineering Board of Directors Current
Gerber Scientific, Inc. Chief Executive Officer Former
General Signal Corporation Former
Gerber Scientific, Inc. Chairman Former
WESCO International, Inc. Board of Directors Former

Mr. Tarr is a professional director and private investor. He is also a special partner of Chartwell Investments, LLP, a private equity firm. He was the Chairman, Chief Executive Officer and President of HomeRuns.com, Inc. from February 2000 to September 2001. Prior to joining HomeRuns.com, he worked for more than 20 years in senior executive roles for Harcourt General, Inc., a large, broad-based publishing company, including six years as President, Chief Executive Officer and Chief Operating Officer of Harcourt General, Inc. (formerly General Cinema Corporation) and The Neiman Marcus Group, Inc., a high-end specialty retail store and mail order business.

Organization Position Status
WESCO International, Inc. Board of Directors Current

Organization Position Status
Celvol Executive Vice President and President of Ticona Current
Premiol Executive Vice President and President of Ticona Current
Sunett Executive Vice President and President of Ticona Current
Connect Celanese Executive Vice President and President of Ticona Current
Celanese Chemicals, Inc. Executive Vice President and President of Ticona Current
Celanese Corporation Executive Vice President Current
At Plastics Inc Executive Vice President, Celanese, President, Ticona Engineering Polymers Current
Vinamul Polymers Executive Vice President, Celanese, President, Ticona Engineering Polymers Current
WESCO Marine Engineering Current
WESCO International, Inc. Board of Directors Current
Alcoa Closure Systems International, Inc. President Former
Bendix Commercial Vehicle Systems LLC President Former
Avery Dennison Corporation Group Vice President of Specialty Materials Former
Honeywell Corporation Former
University of Michigan MBA Former
University of Toledo Bachelor's Degree In Business Administration Former

Steven A. Raymund has been employed by Tech Data Corporation, a distributor of information technology products, since 1981. He served as Chief Executive Officer from January 1986 until retiring in October 2006, but has continued to serve as Tech Data’s Chairman of the Board of Directors since April 1991. Mr. Raymund is also a director of Jabil, Inc. and serves on the Board of Advisors for the Moffitt Cancer Center and the Board of Visitors for Georgetown University’s School of Foreign Service.

Organization Position Status
WESCO International, Inc. Board of Directors Current

Organization Position Status
WESCO International, Inc. Board of Directors Current

Mr. Vareschi retired as Chief Executive Officer of Central Parking Corporation, a parking services provider, in May 2003. Before joining Central Parking Corporation, his prior business career of more than 35 years of service was spent with the General Electric Company, which he joined in 1965. He held numerous financial management positions within GE, including Chief Financial Officer for GE Plastics Europe (in the Netherlands), GE Lighting (Cleveland, Ohio), and GE Aircraft Engines (Cincinnati, Ohio). In 1996, Mr. Vareschi became President and Chief Executive Officer of GE Engine Services, a position he held until his retirement in 2000. Mr. Vareschi also serves on the Board of Directors of WMS International.

Organization Position Status
WESCO International, Inc. Board of Directors Current

Executive News

  • Wesco International names Haley new CEO

    Pittsburgh Tribune Review - 5/28/09 - View Story

  • BRIEF: Wesco International names Haley president, chief executive

    TradingMarkets - 5/28/09 - View Story

  • Engel Named CEO At Wesco International

    TradingMarkets - 5/27/09 - View Story

  • Innophos CFO to resign in June

    Boston Globe - 5/27/09 - View Story

  • Wesco International names new executive team

    Pittsburgh Tribune Review - 5/27/09 - View Story

  • WESCO Announces Succession Plan

    Modern Distribution Management - 5/27/09 - View Story

  • WESCO outlines succession plan

    Pittsburgh Business Times - 5/27/09 - View Story

  • WESCO picks new CEO

    Pittsburgh Post-Gazette - 5/27/09 - View Story

  • UPDATE 1-Wesco replaces CEO, names CFO

    Reuters - 5/27/09 - View Story

  • WESCO International, Inc. Board of Directors Announces Succession Plan

    Reuters - 5/27/09 - View Story

  • BRIEF-Wesco names new CEO, CFO

    Forbes.com - 5/27/09 - View Story

  • Wesco announces Succession plan; to appoint John Engel as President, CEO - quick facts

    RTTNews.com - 5/27/09 - View Story

  • WESCO International, Inc. Board of Directors Announces Succession Plan

    PR Newswire - 5/27/09 - View Story

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     WCC $26.76 -0.41 (-1.51% )
Average Volume 692,687
Shares Outstanding 42.28M
Market Cap 1.1B
Year High 30.49
Year Low 11
Earnings Per Share 2.95
P/E Ratio 9.07
Dividend N/A
Yield N/A
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