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Wolseley's UK md leaves group

Wolseley's UK md and CEO for European operations Rob Marchbank will leave the group on March 1.
Wolseley's board has announced it will no longer have a CEO for its European operations.

Marchbank was appointed CEO, Europe in January 2005 and in July 2008 took the additional responsibility of managing director of Wolseley UK.

As a result of the board's announcement, the regional managing directors in Europe (namely the UK, France and Nordic regions) will now report to Ian Meakins, group CEO.

Wolseley is currently looking for a new managing director for the UK. During the transition period Ian Meakins will assume overall operational responsibility for the UK.

Steen Weirsoe, managing director of the Nordic region and Philippe Gardies, md of France, will join the group executive committee with immediate effect.

Steve Webster is stepping down as chief financial officer (CFO) and as executive director on March 31.

John Martin will join the company and will succeed Steve Webster as CFO and an executive director of Wolseley on April 1, 2010. Martin joins from Alchemy Partners where he has been a partner since 2008.
25 January 2010


By Max Gibbins
25 January 2010 00:01:00

Personally, this will be a shame. He is a really dedicated person and after meeting him personally last year, feel that this is a wrong move.
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