The 2020 Mid-Year Economic Update_long

Day: January 16, 2007

Wurth Grows 12% in 2006

Global fastener distributor The Wurth Group, based in Germany, recorded 12% sales growth in fiscal 2006 to 7.74 billion euro, or US$9.9 billion. Outside of Germany, sales increased by 11.8% to 4.62 billion euro, or US$5.96 billion.

Profit grew by 16.5% overall.

In 2006, Wurth grew its staff by 8.2%, and its sales representatives by 5.6% to 29,020 worldwide.

The Wurth Group also expanded to Mongolia in 2006, bringing the group to 83 countries.

Related Links:
Wurth Service Supply Reports 28.5% Sales Increase in 2005

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More Management Changes at Home Depot

The Home Channel News reports that more management changes are expected at The Home Depot following CEO Bob Nardelli's resignation this month.

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Already, Harvey Seegers, president of Home Depot Direct, was replaced by Steve Skinner, who will oversee the online and catalog division. Skinner had worked under Seegers previously.

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John Campi, the senior vice president for global sourcing and vendor management, resigned as well. He will be replaced by Brian Robbins, HCN reported.

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Both Seegers and Campi came over to HD with Nardelli from GE.

When Nardelli left, Joe DeAngelo, HD Supply chief, was promoted to Chief Operating Officer, giving him more retail ...