Ferguson gains market share, appoints chief marketing officer

Ferguson’s parent company Wolseley plc, distributor of plumbing and heating products to professional contractors, reported overall growth of 6.5 percent for the first half of the 2016 fiscal year, increasing its revenue 4.3 percent on a like-for-like basis, which measures growth of Ferguson’s existing stores or branches that have been open for at least one year. Acquisitions contributed 2.1 percent of additional revenue growth. The company’s trading margin was 7.9 percent, consistent with last year, and trading profit was 5.5 percent ahead of last year. Ferguson also named Mike Brooks chief marketing officer. He has led the company’s e-business efforts since 2007 as vice president of e-business for the North American region. In his new role, Brooks is responsible for expanding on new business development and meeting the rapidly changing needs of customers.
 



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