Kenneth Parks accepts position as CFO at pharmaceutical company Mylan.
Latest In WESCO International
Acquisition expands companys presence in Southeastern U.S.
Acquisition expands companys presence in Massachusetts, New Hampshire and Vermont.
Due to streamlining of management, the position of COO will not be replaced.
Company agreed to acquire Texas-based electrical distributor.
Fourth-quarter sales increased 6.1 percent year-over-year.
Acquisition will strengthen WESCO's utility portfolio.
Safety has become a key growth focus for the distributor in recent years.
Organic sales grew 1.6 percent in the quarter.
WESCO strengthens safety product presence in Canada with acquisition.
Acquisitions were the primary driver of the 14.2 percent overall growth during the year.
LaPrairie generates about $30 million in annual revenue.
Growth was driven by strong results in data communications and utility.
EECOL Electric Argentina was acquired as part of WESCO's acquisition of EECOL Electric Corp. in 2012.