WESCO and Anixter Announce Post-Closing Leadership Team
WESCO and Anixter recently announced the future leadership team and organizational structure that will become effective upon the completion of the merger of the two companies. The transaction is expected to close in the second or third quarter of 2020, subject to the satisfaction of remaining closing conditions.
"We are very pleased to reach this critical milestone and announce the formation of our future senior leadership team comprised of outstanding leaders from both WESCO and Anixter,” said John Engel, chairman, president and CEO of the company. “The depth of talent across both organizations is reflected in this exceptionally strong executive management team that will lead our combined company through the integration process and our transformation into the premier global electrical and data communications distribution and supply chain solutions company. I look forward to working with this team as we utilize the best elements of the combined company to deliver our synergy commitments and create substantial value for our customers, suppliers, employees, and investors. The senior leadership team will consist of leaders of three global Strategic Business Units (SBUs), as well as the company's corporate finance, human resources, legal and supply chain/operations functions. In addition, WESCO announced a new chief transformation officer position with responsibility for completion of the integration process, aligning the company's IT systems and digital transformation efforts, and extending WESCO's historical strength of lean processes across the entire enterprise. These eight senior leadership positions are effective at closing and will report directly to me."