Wolseley CEO Meakins to retire in August

Wolseley said chief executive Ian Meakins would retire on 31 August 2016 to be replaced by chief financial officer John Martin.

Meakins joined the plumbing and heating and building products distribution business in July 2009.

Simon Nicholls will replace Martin as CFO, joining Wolseley from Cobham, a technology company specialising in aerospace, defence and communication.