Wolseley plc Board and Board Committee Changes
22 Maio 2007 - 12:46PM
PR Newswire (US)
CINCINNATI, May 22 /PRNewswire/ -- Wolseley, the world's largest
specialist distributor of plumbing and heating products to
professional contractors and a leading supplier of building
materials announces that Mr. Fenton Hord, who is responsible for
the Company's U.S. building materials business, will retire from
the Board on July 31, 2007. Mr. Hord will be succeeded by Mr. Joe
Appelmann as CEO of the Company's U.S. building materials business.
Mr. Appelmann has been with the business for more than 18 years. In
addition, Mr. Robert Walker will step down from the Board as a non-
executive director with effect from October 31, 2007. With effect
from October 31, 2007, Mr. Nigel Stein will succeed Mr. Walker as a
member of the Remuneration Committee and Messrs Jim Murray and
Nigel Stein will be appointed to the Nominations Committee in Mr.
Walker's place. Mr. Whybrow will also join the Remuneration
Committee on the same date. With effect from October 31, 2007 the
Remuneration Committee will comprise of Mr. Duff (Chairman), Mr.
Stein, Mr. Davis and Mr. Whybrow and, from the same date, the
Nominations Committee will comprise Mr. Whybrow (Chairman), Mr.
Davis, Mr. Duff, Mr. Hornsby, Mr. Murray and Mr. Stein. Commenting
on these changes Mr. John Whybrow, Chairman of Wolseley, said: "I
wish to extend the Board's thanks to Fenton Hord for his
outstanding contribution to Wolseley over the last 20 years.
Although Fenton joined the Group Board 7 years ago, he was
appointed CEO of our U.S. building materials business in 1987,
growing the business from sales of $113 million to $5.3 billion in
2006, achieving a compound annual growth rate of 22%. "Robert
Walker will be retiring from the Board in his ninth year as a non-
executive director. The Board is grateful to Robert for the
invaluable contribution that he has made to Wolseley over the years
and we wish both Fenton and Robert well in the future. "Nigel
Stein, who will become a member of the Remuneration and Nominations
Committee, joined the Board on December 1, 2003 and is currently a
member of the Audit Committee. Jim Murray, who will become a member
of the Nominations Committee, joined the Board on April 12, 2002
and is currently Chairman of the Audit Committee." About Wolseley
plc Wolseley plc is the world's largest specialist trade
distributor of plumbing and heating products to professional
contractors and a leading supplier of building materials in North
America, the UK and Continental Europe. Group revenue for the year
ended 31 July 2006 was approximately 14.2 billion pounds Sterling
and operating profit, before amortization of acquired intangibles,
was 882 million pounds. Wolseley has around 78,000 employees
operating in 28 countries namely: UK, USA, France, Canada, Ireland,
Italy, The Netherlands, Switzerland, Austria, Czech Republic,
Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway,
Slovak Republic, Poland, Romania, Croatia, San Marino, Panama,
Puerto Rico, Trinidad & Tobago, Mexico, Barbados and Greenland.
Wolseley is listed on the London and New York Stock Exchanges
(LSE:WOS.L) (NYSE:WOS) and is in the FTSE 100 index of listed
companies. This information is provided by RNS The company news
service from the London Stock Exchange DATASOURCE: Wolseley plc
CONTACT: Guy Stainer, Head of Investor Relations, +44 118 929 8744,
or +44 7739 778187, or John R. English, VP, Investor Relations, NA,
+1-513-771-9000, +1-513-328-4900, both of Wolseley plc Web site:
http://www.wolseley.com/
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