Materials firm Wolseley has made its European chief executive redundant in a boardroom shake-up

Rob Marchbank will leave the firm at the beginning of March, when he will also cease to be an executive director. He will not be replaced.

Also leaving the £14.4bn turnover firm is Steve Webster, who will step down as chief financial officer and executive director on 31 March, to be replaced by John Martin, at present a partner in Alchemy Partners.

Wolseley’s regional managing directors in France, the Nordic regions and the UK will report to Ian Meakins, the group chief executive. A new managing director is being recruited for the UK.

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