"This will be 100% corporate office space," said Chip Hornsby, who will become group chief executive of the parent company effective Aug. 1, succeeding Charlie Banks.
The Wolseley North America organization consists of Ferguson Enterprises, acquired by Wolseley in 1982 and headquartered in Newport News; Stock Building Supply, acquired in 1986 and based in Raleigh, NC; and Wolseley Canada, previously Westburne, acquired by Wolseley in 2001 and headquartered in Burlington, Ontario, Canada. Each of the three companies will continue to operate from its respective offices.