Posted May 27, 2016

Wolseley names interim CFO

Wolseley announced that Simon Nicholls, who had been selected to become chief financial officer as part of a CEO and CFO succession plan later this summer, will not take that role.

In January, the company announced that CEO Ian Meakins plans to retire on Aug. 31, to be replaced by current CFO John Martin. Those executive moves will go on as planned, the company said in a statement released today. No reason was given for why Nicholls will not assume the role.

David Keltner, current CFO of Ferguson Enterprises, the Group’s U.S. subsidiary, will become interim CFO on Sept. 1. The selection process to appoint a permanent Group CFO will commence immediately.