Wolseley boss to step down June 30, 2009 BRITISH building supplies company Wolseley said yesterday that chief executive Chip Hornsby would step down with immediate effect, lifting its shares. The plumbers and builders merchant said Ian Meakins would succeed Hornsby on 13 July. Meakins has held positions as chief executive of Travelex Holdings and Alliance Unichem until its merger with Boots. “The management [...]
City Moves who’s switching jobs May 25, 2009 WolseleyThe plumbers and builders merchant has appointed Michael Wareing, chief executive of accountancy firm KPMG, and Alain Le Goff, a former executive at consumer giant Reckitt Benckiser, as non-executive directors. Wareing, pictured, 55, joined KPMG in 1973 and became chief executive in 2005. Le Goff, 57, retired as executive vice president of supply at Reckitt [...]
Wolseley plumbs new depths May 28, 2009 SHARES in plumbers and builders merchant Wolseley plunged yesterday after the company revealed an 80 per cent slump in nine-month profits and warned it saw no improvement in demand this year. The company, which recently squeezed shareholders for £1bn in a desperate attempt to prop up its debt-laden balance sheet, said pre-tax profits for the [...]