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 拢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鈥檚 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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