The 2020 Mid-Year Economic Update_long

Ferguson’s Focus Post-Recession

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 –

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