Hornsby To Head Wolseley; Stegeman Promoted At Ferguson
Hornsby To Head Wolseley; Stegeman Promoted At Ferguson
Chip Hornsby will succeed Charlie Banks as group chief executive of parent company Wolseley plc, Reading, England, upon Banks' retirement, which will be effective July 31, 2006. Hornsby will take on his new role at Wolseley Aug. 1, 2006.
This succession follows the pattern set four years ago when Hornsby replaced Banks as president/CEO of Ferguson in 2001, upon Banks being named group chief executive of Wolseley.