European distributor Wolseley plc announced that Simon Nicholls will not take up his position as chief financial officer of the group later this year.
David Keltner, current CFO of Ferguson Enterprises, Wolseley's U.S. subsidiary, will be appointed as the interim group CFO on Sept. 1, until a permanent CFO is appointed.
The company confirms that Ian Meakins will retire on Aug. 31 and John Martin, who currently serves as CFO, will succeed him as CEO.
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