Former Ferguson president/CEO John Stegeman joins HD Supply.
HD Supply, Atlanta, GA, has hired John Stegeman as executive president, effective April 12.
He will lead the HD Supply Canada, HD Supply Electrical, HD Supply Plumbing/HVAC, HD Supply Waterworks and HD Supply White Cap businesses.
Stegeman most recently served as president and CEO of Ferguson Enterprises, Newport News, VA. The position was eliminated by UK-based parent company Wolseley plc in August 2009.
He began his career as a management trainee with Ferguson Enterprises in Herndon, VA, in 1985 and advanced through various management positions in the company’s plumbing, air conditioning and waterworks business groups. Stegeman will be based in Atlanta.
“Our strong financial position and intense focus on growing faster than our markets supports and requires that we seize key opportunities to add world-class talent to our organization,” Joe DeAngelo, CEO, HD Supply, said in a statement.
He noted that Stegeman has executed in and led the development of the PHCP wholesaling industry.
“His expertise will further strengthen our leadership team and accelerate momentum on key value creation initiatives,” DeAngelo said.
“I am thrilled to be back in the industry I love, and I look forward to the many opportunities that our future holds,” Stegeman said in a statement.
“HD Supply is well positioned to make a significant impact on the many customers we serve,” said Stegeman.
DeAngelo described Stegeman as a “a world-class, recognized industry leader with complementary skill sets to my own who will accelerate customer growth, talent development, supplier relations, acquisition opportunities and industry leading best practices.”
HD Supply is one of the largest diversified wholesale distributors in North America, providing a broad range of products and services to professional customers in the infrastructure & energy, maintenance, repair & improvement and specialty construction markets from about 800 locations.
HD Supply Hires John Stegeman
March 22, 2010