At Wolseley’s first-half 2010 results call with analysts and investors, new Chief Executive Ian Meakins spoke for the
first time at length about his plans for the struggling global distributor of HVAC/plumbing and building material products.
In one of his first in-depth presentations as the new chief executive of Wolseley, Ian Meakins was blunt with his appraisal
of the global distributor’s business, which has seen some big highs and dramatic lows in the past five years.
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 –