Canadian Electrical Wholesaler

Aug 14, 2019

CEW Oldaker SerivceWire 400

Service Wire Co. is pleased to announce that Charles F. (Chuck) Oldaker, Jr. has been elevated to the position of Executive Vice President. He will maintain his position as CFO along with assuming additional corporate responsibilities.

“Chuck’s professional and organizational skills make him a strong asset to our company,” said Louis Weisberg, President and CEO. “As a growth-oriented company, we value leaders with the knowledge and work ethic he possesses.”

During his career, Oldaker has worked in public accounting as an auditor and business taxation accountant and has been involved in many areas during his tenure at Service Wire Co., including finance, accounting, credit, human resources, IT, marketing and sales management.

Oldaker is a graduate of Marshall University’s College of Business. Additionally, he has obtained the following professional designations: Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA), Certified Valuation Analyst (CVA), and ISO 9000 Consultant.

In May 2019, he was honored with the Outstanding CPA in Business and Industry award by the West Virginia Society of Certified Public Accountants. This award recognizes distinguished individuals who have made significant contributions to the growth and success of the industry.

Wholesale SalesWholesale sales rose 0.6% to $64.1 billion in June, partly offsetting the 1.9% decline in May. Sales were up in four of seven subsectors, representing 54% of total wholesale sales.

In dollar terms, two subsectors — miscellaneous, and machinery, equipment and supplies — contributed the most to the increase in June, while the motor vehicle and motor vehicle parts and accessories subsector posted the largest decline.

 

 

 

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Investment In Building ConstructionTotal investment in building construction decreased 0.9% in June to $15.1 billion, the first decline in eight months. A slight increase in non-residential investment (+1.0% to $4.8 billion) was offset by a decrease in the residential sector (-1.8% to $10.3 billion). On a constant dollar basis (2012=100), investment in building construction decreased 1.1% to $12.7 billion. Despite the monthly decrease, total investment grew 1.6% year over year in the second quarter.

 

 

 

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Lori BagazzoliBy Blake Marchand

Lori Bagazzoli, Regional Sales Manager for Viscor, is a 20-year industry veteran that has built an interesting career from the bottom up. Beginning as a 19-year old just out of college in customer service with EXM, she gained an intimate knowledge of the electrical and lighting supply business by working her way through various organizational levels.

“I was definitely able to learn the different roles, and understand all the different aspects of the business,” she said, “starting so young, I really had to put in my time to be able to move up.”

 

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Louis BeaulieuBy Line Goyette

Neither a Millennial nor a Baby Boomer, Louis Beaulieu embraces new technologies and new markets, but remains faithful to family traditions. He holds a bachelor’s degree in finance and a master’s degree in management from Laval University and is the General Manager of Ouellet Canada. A perfect profile for a career in the family business.

When I ask him if, as is often the case in a family business, he had always known that he was going to join the company, he replied, “Not at all. When I was young, I spent my school holidays at my older brother’s farm at Ile d’Orléans.

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