Wesco appoints Daniel Castillo to lead electrical unit

PITTSBURGH - Wesco International (NYSE:WCC), a prominent player in the Trading Companies & Distributors industry with a market capitalization of nearly $11 billion, announced Monday that Daniel "Danny" Castillo will assume leadership of its Electrical and Electronic Solutions (EES) strategic business unit effective September 1, 2025. According to InvestingPro data, the company’s stock has delivered a strong 37% return over the past year.

Castillo will succeed Nelson Squires, who is retiring on September 30 after ten years with the company, according to a press release statement.

Prior to joining Wesco, Castillo served as executive vice president and president of North America for Brinks, Inc., where he led secure solutions operations across the United States, Canada, and Mexico. His previous experience includes executive roles at JELD-WEN, Inc., Cree Lighting, Eaton, and Cooper Industries. Castillo began his career at General Electric.

The incoming executive holds an M.B.A. from Columbia University’s Business School and a B.S. in electrical engineering from Florida International University.

Wesco Chairman, President and CEO John Engel noted that Castillo joins as the EES business unit reported 6% year-over-year sales growth in the second quarter, driven by strong performance in OEM and Construction segments, along with renewed growth in Industrial. The company’s overall financial health is rated as "GOOD" by InvestingPro analysts, with annual revenue reaching $22.2 billion and a healthy current ratio of 2.09, indicating strong liquidity.

"His successful track record of driving profitable growth will enable our EES business to build on our current positive momentum," Engel said in the statement.

Wesco International, headquartered in Pittsburgh, is a provider of business-to-business distribution, logistics services and supply chain solutions. The company reported approximately $22 billion in annual sales in 2024 and employs about 20,000 people across more than 700 sites in approximately 50 countries. Based on InvestingPro’s Fair Value analysis, the stock appears to be fairly valued, with 10 additional exclusive ProTips available to subscribers, including insights on management actions and analyst predictions.

In other recent news, WESCO International Inc. reported its second-quarter earnings for 2025, exceeding Wall Street expectations. The company achieved an adjusted earnings per share (EPS) of $3.39, slightly above the forecast of $3.36. Additionally, WESCO reported revenue of $5.9 billion, surpassing the anticipated $5.82 billion. These results highlight the company’s ability to perform well financially despite market conditions. In related developments, Moody’s Ratings affirmed Wesco’s corporate family rating at B2 but changed the outlook from stable to negative. Moody’s also maintained the company’s probability of default rating at B2-PD and backed senior secured bank credit facility at B2. This shift in outlook reflects potential concerns about the company’s future financial stability. These updates provide investors with important insights into WESCO’s current financial standing and recent market evaluations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.