Home » Wolseley Eliminates Ferguson CEO/President Position
Wolseley Eliminates Ferguson CEO/President Position
August 24, 2009
In an attempt to improve operational efficiencies
throughout the company, UK-based Wolseley announced it would eliminate the position of president and CEO for U.S. subsidiary
Ferguson, according to a report published in the Daily Press of Newport News, VA.
Frank Roach, current CEO of Wolseley North America, will assume
the additional responsibilities as CEO of Ferguson effective August 31. The move was made to eliminate duplicate responsibilities
in the North America division, which includes Ferguson and Wolseley Canada.
In its pre-close period trading statement for the 11 months ended
June 30, revenues for the HVAC/plumbing distributor fell 17%. At that time, Wolseley CFO Steve Webster advised that further
cuts would be made across the company in order to continue cost reductions.