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Wolseley plc has officially changed its name to Ferguson plc, effective July 31. The rebranding was announced in March. Ferguson, the company's U.S. business, is the most significant brand in its portfolio and accounts for 84 percent of the Wolseley Group’s profitability.
“We are proud to have the Wolseley Group adopt the Ferguson name. We have built a very strong brand over the last 64 years and are known for our performance reputation,” Ferguson CEO Frank Roach said when the name change was announced. “The Ferguson name best represents the group today and will help create greater shareholder interest in the U.S.”
Roach is retiring July 31, to be replaced by Ferguson COO Kevin Murphy.
Trading in the company's shares on the London Stock Exchange will begin under the new name Ferguson plc and new TIDM (tradable instrument display mnemonic) FERG, effective Aug. 1. The company’s ADRs (American depositary receipts) began trading on the OTCQX market under the new symbol FERGY on July 31.
The company's new website is www.fergusonplc.com.