Ferguson president and CEO John Stegeman is out of work after parent company Wolseley eliminated the job in what was described as a cost cutting move.
Ferguson president and
CEOJohn Stegemanis out of work after parent
company Wolseleyeliminated the jobin what was described as a cost cutting move.Frank
Roach, CEO of Wolseley North America, has taken over the additional
duties of Ferguson
president/CEO as of Aug. 31.
Stegeman had been
since 1985, starting as a management trainee and had served as president/CEO
since Sept. 2005. Roach joined Ferguson
in 1976 and was appointed head of Wolseley North America in Dec. 2005.