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Wolseley UK MD replaced by Europe head to cut costs

The managing director of Wolseley UK, Nigel Sibley, has been replaced by the chief executive of Wolseley Europe to cut costs in the face of tough UK market conditions.
Wolseley UK MD replaced by Europe head to cut costs
Rob Marchbank already heads up Europe and now takes on full operational responsibility as managing director for Wolseley UK with immediate effect, in addition to his existing duties.
Nigel Sibley, former managing director of Wolseley UK has left the company.

The Wolseley group says the UK md role and Europe job had many similarities which could easily be combined to avoid duplication.

A spokesman for the group said 'Given the continuing deterioration in several of its markets, including the UK, the Wolseley group is taking action to reduce duplication and make cost savings across its operations'.

Marchbank will continue to work from his UK base in Theale, Berkshire.

Wolseley supplies heating, plumbing and construction products in the UK through more than 1,800 branches, including Plumb Center, Build Center, Pipe Center, Drain Center, Climate Center, Parts Center, Electric Center, Encon, Brandon Hire and William Wilson chains.

Wolseley also announced the merging of its group and UK operations HR teams, who will report to Bob Morrison, group HR director. Bob Mason, the former HR director, has also left Wolseley UK.
22 July 2008

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