18th Jan 2016 07:09
LONDON (Alliance News) - Building materials company Wolseley PLC on Monday said its chief executive will step down in August and will be replaced by its chief financial officer.
Ian Meakins will retire on August 31, having been at the helm since July 2009. He will be replaced by John Martin, the current chief financial officer who has been in that role since 2010.
In addition, FTSE 100-listed Wolseley said Simon Nicholls will replace Martin as chief financial officer. He joins from the same role at Cobham PLC, the FTSE 250-listed defence and aerospace group.
Cobham said the search to replace Nicholls is underway and an announcement will made in due course.
By Sam Unsted; [email protected]; @SamUAtAlliance
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