Wesco International, a leading provider of business-to-business distribution, logistics services, and supply chain solutions, has announced the appointment of Daniel Castillo as the Executive Vice President and General Manager of its Electrical and Electronic Solutions (EES) strategic business unit. This move comes as the company reported a 6% year-over-year increase in EES sales in the second quarter, driven by strong performance in OEM and Construction, along with a return to growth in Industrial.
The company's improving business momentum in EES is attributed to increased sales tied to data center and infrastructure projects across the U.S. and Canada. Additionally, EES is beginning to see benefits from the secular growth trends of electrification, AI-driven data centers, automation, and IoT, as well as reshoring to North America.
John Engel, Chairman, President, and CEO of Wesco International, expressed confidence in Castillo, noting his successful track record of driving profitable growth, which is expected to enable the EES business to build on its current positive momentum and deliver industry-leading results.
The press release also acknowledged Nelson Squires, who will be retiring on September 30, thanking him for his numerous contributions to Wesco over the past ten years.
Wesco International, a FORTUNE 500® company, reported approximately $22 billion in annual sales in 2024 and operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations. Following these announcements, the company's shares moved 1.14%, and are now trading at a price of $227.035. For more information, read the company's full 8-K submission here.
