Wolseley positions itself for recovery in its North American businesses
March 25, 2010
MDM Editor Lindsay Konzak recently sat down with the leaders of Ferguson to talk about where they see the company going
post-recession. They also discussed the joint venture Wolseley entered into last year for Stock Building Supply – in
which it now has only a minority position – and what that means for Wolseley's positioning in North America.
In this interview:
Frank Roach, CEO, Ferguson
Kevin Murphy, COO, Ferguson
Steve Petock, Senior Vice President, Business Groups, Ferguson
Jim Feltman, CMO, Senior Vice President, Ferguson
MDM: After a couple of down years, where does Ferguson sit?
Frank Roach: Over the past several years the driving theme in Wolseley's North American group was to centralize back-office
cost and collaborate when appropriate between the individual companies: Ferguson, Stock Building Supply and Wolseley Canada.
The exposure Stock had to the new residential construction market – which was roughly 80 percent of their business –