Steen Weirsoe, Chief Executive Officer of the Nordic and Central European operations of Wolseley is to retire at the beginning of August.
The building materials supplier said he will be succeeded by Ole Mikael Jensen, who is presently Managing Director for Central Europe.
Jensen, like Weirsoe, joined Wolseley as a result of the DT Group acquisition in 2006. He has been in his current role since 2009, and previously held a number of senior management positions in sourcing and supply chain within the Nordic region.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
On taking up his new position Jensen will also join Wolseley's Executive Committee and will report to the group's Chief Executive Officer, Ian Meakins.
JH
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
