President and CEO, global wire and cable distributor · IEWC · New Berlin, Wisconsin
Mike Veum
Mike Veum, president and CEO of New Berlin–headquartered IEWC (employee-owned wire, cable, and controls distributor). Former Brady Corp. executive. Not other Veum professionals outside IEWC leadership.
Net worth
$5 million+
September 17, 2026
About
Mike Veum is president and chief executive officer of IEWC, the New Berlin–headquartered employee-owned distributor of wire, cable, and industrial controls.
BizTimes Wisconsin 275 ranks him among the state’s most influential business leaders for scaling a firm that began as Industrial Electric Wire & Cable in 1962.
He joined IEWC in 2016 as president of the OEM North American division, became corporate president in 2017, and took the CEO role in 2018 after more than two decades at Brady Corp. Under his watch the company has pushed beyond pure distribution into value-add controls and assemblies.
Wisconsin 275 profiles cite growth of more than 70% in revenue, roughly 1,025 employees, and more than 62,000 customers across 22 locations in 11 countries. In March 2025 IEWC acquired Sussex-based Bevco Engineering, folding about 100 controls-panel employees into a new Controls segment.
Veum holds a bachelor’s degree from Marquette University and serves as a board member and trustee of the ESOP company whose corporate campus has anchored New Berlin since 2000, keeping the global distributor’s headquarters firmly tied to the suburb.
Companies and affiliations
- IEWC
Notable facts
BizTimes Wisconsin 275 lists Mike Veum as president and CEO of New Berlin–tagged IEWC; joined OEM NA president in 2016, corporate president 2017, CEO 2018; prior career at Brady Corp.; Marquette bachelor’s.
BizTimes (Apr. 4, 2025): IEWC acquired Sussex Bevco Engineering on March 31, 2025; IEWC then employed about 780 people and was employee-owned; Bevco had about 100 employees.
IEWC company history: corporate HQ moved to New Berlin in September 2000; Veum appointed CEO April 2018; firm has been employee-owned since founder Ted Krzynski’s 1985 ESOP sale.
What questions can this profile answer
- What makes Mike Veum notable?
- Mike Veum is president and chief executive officer of IEWC, the New Berlin–headquartered employee-owned distributor of wire, cable, and industrial controls. BizTimes Wisconsin 275 ranks him among the state’s most influential business leaders for scaling a firm that began as Industrial Electric Wire & Cable in 1962.
- What is Mike Veum's estimated net worth?
- Mike Veum's estimated net worth is $5 million+ as of 2026-09-17.