Fenton Hord, head of Wolseley plc’s U.S. building materials business, Stock Building Supply, will retire July 31, 2007.
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Hord will be succeeded by Joe Appelmann as CEO, who has been with the company for 18 years.
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Hord was with Wolseley for 20 years. When he was appointed CEO of the building materials arm in the U.S. in 1987, sales were $113 million. Revenues reached $5.3 billion in 2006.
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