Wolseley plc (Theale, England) announced that Fenton Hord, president of Stock Building Supply (Raleigh, NC), the company's U.S. building materials business, will retire July 31. Joe Appelmann, senior vice president of operations, will take over as president of Stock effective Aug. 1.
Hord has led Stock Building Supply for the past 20 years
as CEO. Under his guidance, Stock has grown from seven North Carolina stores
with sales of $113 million, to 310 locations in 34 states with a record $5.3
billion in sales in 2006, for a compound annual growth rate of 22%.
Appelmann joined Stock in 1988 and has held senior
management positions in finance, manufacturing and logistics. He is currently
responsible for Stock’s operations across the country.
Building Supply, a subsidiary of Wolseley plc, which also owns Ferguson (Newport
News, VA), provides building materials and construction services to
professional contractors in the United States. For more information, visit www.wolseley.com.
May 30, 2007 - Appelmann To Take Over Presidency of Stock Building Supply
May 30, 2007