Wolseley names new CEO
Wolseley plc announced that chief executive officer Ian Meakins will retire on August 31.
John Martin, who joined Wolseley in 2010 as chief financial officer, will succeed Ian as CEO. Martin has extensive operational and financial management experience running large international businesses.
Wolseley also appointed Simon Nicholls as CFO. Nicholls is the current CFO of Cobham plc, a technology company specializing in aerospace, defence and communication.
Meakins was appointed CEO in July 2009 and during his tenure he has significantly reshaped the Group into a focused plumbing and heating and building products distribution business operating in attractive markets with leading positions, the company said.
“Ian has made an outstanding contribution during his tenure as CEO, transforming the Group’s businesses to deliver excellent service to our customers, developing our people and generating great returns for our shareholders,” said Gareth Davis, Wolseley plc chairman.
John Martin said: "I am greatly looking forward to the challenge of leading Wolseley and building on our track record of delivering great shareholder returns. Our focus on investing in our market leading businesses, commitment to developing our people and dedication to customer service has underpinned our success and will remain hallmarks of our business."
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