BNET Industries

Last Fiscal Year Sales:$32.8B
- Public
- UK
Dow Jones Description
Heating & Plumbing Supplies, Materials & Services
Number of Employees 74,000
Peer Companies
NAICS Code Home Centers: 444110
Recent Events
-
Wolseley's first-quarter sales down 13%
-
Wolseley Records £1.17B Loss for FY 2009
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A leaner Stock Building Supply exits Chapter 11 bankruptcy
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Hornsby resigns as head of Ferguson Enterprises' parent company
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Wolseley CEO steps down from post
-
Wolseley's profit plunges, layoffs continue
News & Analysis
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wolseley plc. - All News and Analysis
Wolseley 3-month Profit Drops 45 Pct
LONDON (Reuters UK) - Building supplies company Wolseley WOS warned on Wednesday that market conditions were still challenging as it reported weaker quarterly sales and profits.Wolseley, which is the world's largest builders merchant distributor, said underlying profit from continuing operations fell 45 percent to 76 million pounds in the three...
Wolseley to raise Pounds 1bn by placing and rights issue
Company wants partner for US Stock business WOLSELEY, THE building supplies company, unveiled its much- anticipated restructuring plan yesterday, including a 1bn capital raising effort. The group has struggled to reduce its 2.5bn debt as housing markets on both side of the Atlantic have nosedived....
Wolseley mulls Pounds 1bn rights issue
Business in brief CONSTRUCTION Wolseley, the beleaguered building supplies company, is considering a rights issue to raise funds to help pay down its 3bn debt. The structure of the scheme is yet to be finalised but the group reportedly hopes to raise 1bn through a placing and...
Wolseley powered by cash-call prospects
Market Report WOLSELEY RALLIED last night, gaining 5.6 per cent, or 11.7p, to 218.75p as investors bought in on the prospect of an improvement in the building -supplies group's finances. The gale-force headwinds in the housing market, coupled with a growing aversion to debt in...
Sterling's slump adds to Wolseley's woes
Investment Column Our view: Sell Share price: 201p (-85p) Things are going from bad to worse in the housebuilding and construction industries. The British plumbing and heating supplies group Wolseley said yesterday that its half-year profit would more than halve as housing markets...
Wolseley cost-cutting expected as debt mounts
The Week Ahead DEBT AND covenants are likely to be the key talking points when Wolseley posts a trading update for the five months to the end of December. The construction materials group's 2bn-plus debt pile has evoked concern among analysts ever since the housing...
Wolseley in talks to raise up to Pounds 400m
Business in brief CONSTRUCTION Wolseley, the building- materials giant which has 5,000 branches in 27 countries, including the Plumb Center in the UK, is in talks with investors and private equity groups to raise between 300m and 400m in rescue fundraising. Wolseleys debts have spiralled to 2.7bn...
Fears of rights issue at Wolseley as plumber cuts another 2,300 jobs
Wolseley, the troubled plumbing and building materials group, yesterday refused to rule out the need for a rights issue next year as the company struggles against what it described as "unprecedented circumstances". The group, which owns the Plumb Center and Build Center chains and supplies the construction industry,...
Wolseley to axe dividend to keep debt in check
WOLSELEY posted plummeting full-year profits yesterday, but its shares soared after the plumbing and building materials company vowed to remain within its banking covenants and take a further axe to costs. The group unveiled a fresh series of measures to combat dire trading in the US, UK and...
Hopes rise Wolseley can build on US bailout
THE WEEK AHEAD NERVOUS INVESTORS will have their fingers crossed for Wolseley, the construction materials group, which is due to publish its final results today. The company has seen its share price plummet amid fears that, faced with tougher conditions in the US and UK...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Claude A.S. Hornsby | CEO |
| Frank Roach | CEO, North America |
| Adrian Barden | Chief Business Dev Officer |
| Charles Banks | Group Chief Executive |
| Larry Stoddard | Coo |
| Stephen P. Webster | Cfo |
| Dan Parr | Vice President, Acq & Business Integration, North America |
| Nigel Sibley | Managing Director |
| Bob Mason | Hr Director |
| Guy Stainer | Director, Ir |
| Ian Tillotson | Commercial Development Director |
| Mark Eburne | Director, Development Brands |
| Mark Harrison | Supply Chain Director |
| Matt Neville | Finance Director |
| Penny Studholme | Director, Corp Comm |
| Alain Michaelis | |
| Claude Chip | |
| Claudio Manzardo | |
| FNW Ferguson | |
| John Stegeman | |
| Wolseley Canada |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| A. J. Duff | Board of Directors |
| Aandrew J. Duff | Board of Directors |
| Andrew J Duff | Board of Directors |
| G. Davis | Board of Directors |
| Gareth Davis | Board of Directors |
| James I K Murray | Board of Directors |
| Nigel Stein | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | CEO | Current |
| Wolseley Plc | Board of Directors | Current |
| Wolseley Plc | Executive Director | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | CEO, North America | Current |
| Ferguson Enterprises Inc | Current | |
| Wolseley Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Chief Business Dev Officer | Current |
| Wolseley Plc | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Group Chief Executive | Current |
| Ferguson Enterprises Inc | Chief Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Coo | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Cfo | Current |
| Wolseley Plc | Board of Directors | Current |
| Wolseley Plc | Group Director, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Vice President, Acq & Business Integration, North America | Current |
Nigel joined Wolseley in October 2005 from the Rank Group, and managed the acquisition and integration of Brandon Hire. He was promoted to managing director in October 2006.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Managing Director | Current |
Bob joined Wolseley UK with considerable experience from BT and London Underground. He has overall responsibility for all HR functions, ensuring that HR underpins the company's ambitious growth plans.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Hr Director | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Director, Ir | Current |
Ian was one of the three founder directors of HRPC (Heating Replacement Parts & Controls) in 1975 and became Managing Director in 1993. Ian took on the role as Commercial Development Director in 2004 and is responsible for many projects within Wolseley UK, including the development of the Electric Center and William Wilson Plumbing & Heating businesses.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Commercial Development Director | Current |
| Wolseley Plc | Managing Director | Former |
Mark joined Wolseley UK in October 2006 from National Grid Metering, where he was chief operating officer. Mark's primary focus will be to continue the development and growth of Wolseley's businesses in Ireland, Brooks and Heat Merchants. He will also complete the integration process for Brandon Hire, and prepare it for the next stage of its growth.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Director, Development Brands | Current |
Mark heads the team responsible for the UK distribution network, transport fleet, and product management. He brings considerable experience to the company having worked previously, for PepsiCo, both in the UK and Ireland and internationally. Prior to that Mark was with British Sugar and Mars in various supply chain roles.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Supply Chain Director | Current |
Matt joined the company in May 2001 from Price Waterhouse Coopers. As well as maintaining overall responsibility for the provision of financial information, and corporate mergers and acquisitions, he leads a head office team providing finance, treasury, sales ledger and purchase ledger support to the businesses.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Finance Director | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Director, Corp Comm | Current |
| Organization | Position | Status |
|---|---|---|
| Tenneco Automotive, Inc. | Senior Vice President | Current |
| Wolseley Plc | Current | |
| INSEAD | MBA | Former |
| University of London | Bachelor's Degree In Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Current | |
| Ferguson Enterprises Inc | Chief Executive Officer | Former |
| Ferguson Enterprises Inc | President | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Board of Directors | Current |
First appointed to the Board on 1 July 2004. He is Chairman of the Remuneration and a member of the Nominations Committee. Mr Duff is Chief Executive of RWE npower plc. He spent 14 years at BP plc where he held leading positions in marketing and oil trading and was latterly the Director of Strategic Planning for BP Oil, USA. Mr Duff is the Chairman of the Electricity Retail Association and is a member of the CBI President's Committee. Age 47.
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Board of Directors | Current |
| BP plc | Director of Strategic Planning | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Imperial Tobacco Group plc | CEO | Current |
| Imperial Tobacco Group plc | Chief Executive and Director | Current |
| Nottingham Company Inc. | Current | |
| Wolseley Plc | Board of Directors | Current |
| Imperial Tobacco Group plc | Board of Directors | Current |
| Wolseley Plc | Non-Executive Director | Former |
| Hanson PLC | Former |
| Organization | Position | Status |
|---|---|---|
| Wolseley Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GKN plc | CEO, Autommotive | Current |
| Wolseley Plc | Board of Directors | Current |
| Gkn Sinter Metals | Chief Financial Officer | Former |
| Gkn Sinter Metals | Senior Vice President, Finance | Former |
| Wolseley Plc | Non-executive Director | Former |
| Laird Security Systems Limited | Former |
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