Wolseley PLC (LSE: WOS) said Chip Hornsby has stepped down as group chief executive with immediate effect, and it has appointed former Travelex Holdings Ltd CEO Ian Meakins as successor with effect from July 13 2009.
The distributor of plumbing and heating products to professional contractors and building materials supplier said Hornsby is leaving following the completion of the £1 billion capital raising in April 2009 and the recent disposal of Stock Building Supply which have significantly strengthened the group's financial position.
Meakins was previously CEO of Alliance UniChem PLC until its merger with Boots in July 2006.www.proactiveinvestors.co.uk
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