Ferguson PLC on Tuesday announced the appointment of Bill Brundage as CFO and an executive director, effective November 1. Brundage is currently CFO of Ferguson Enterprises, a position he has held since March 2017.

Brundage has more than 17 years of experience in a variety of senior finance roles at Ferguson Enterprises. In 2008, he was appointed as vice president of finance, a position he held until his promotion to senior vice president of Finance in 2016. He succeeds Mike Powell, who will step down as Group CFO and an executive director on October 31.

Geoff Drabble, chairman of Ferguson, said: “In searching for Mike’s successor we conducted a rigorous review of potential candidates both internally and externally. I am delighted that Bill will step up to the CFO role. He’s a talented executive with a great track record and has been one of the key architects of Ferguson’s transformation into one of the largest value-added distribution businesses in the US. Bill’s broad experience and strong leadership capabilities will ensure that Ferguson continues to drive improved operational performance and capitalizes on the significant opportunities to generate profitable growth.”

Kevin Murphy, CEO of Ferguson, said: “I am delighted that Bill has been appointed as Ferguson’s CFO. We have worked together for many years and we were fortunate to have an internal candidate of such high caliber and expertise as a successor to Mike. I am confident Bill’s operational skills and experience will continue make a significant contribution to the future development of Ferguson.”