Wolseley has a new CEO

Wolseley, the world’s largest distributor of plumbing and heating products, is a British company which transferred its headquarters..............

for tax purposes in  November 2010 from Reading/UK to Saint Helier/ Jersey and its operative head office to Zug/Switzerland.

Its corporate turnover in 2015 amounted to GBP 13.3 bn (EUR 17.3 bn), 7.1% more than in the prior year; the countries with the highest turnover are the USA, UK and Scandinavia.

The long-serving chairman of the board Ian Meakins (since 2009) has now announced that he is going into well-earned retirement at the end of August 2016. His successor will be the present CFO John Martin, who has been with the company since 2010 and whose position as head of finance will be taken over by Simon Nichols, a newcomer to the company.