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Wolseley says Nicholls won't join as finance chief

Reuters - UK Focus

LONDON, May 27 (Reuters) - British heating and plumbing products supplier Wolseley (LSE: WOS.L - news) said on Friday a finance chief it recruited in January would not be taking up the role.

Wolseley had announced that Simon Nicholls, chief financial officer at aerospace and defence company Cobham (Other OTC: CBHMF - news) , would become its new CFO.

On Friday Wolseley in a statement to the stock exchange said he would not be joining the firm. No reason was given.

"It (Other OTC: ITGL - news) 's a confidential matter between Simon and the board," a spokesman for Wolseley said.

Wolseley said David Keltner, current CFO of Ferguson Enterprises, the group's U.S (Other OTC: UBGXF - news) . subsidiary, would be appointed as interim group CFO on Sept. 1. It said the selection process to appoint a permanent group CFO would commence immediately.

Wolseley confirmed that Chief Executive Ian Meakins would retire on August 31 and John Martin would succeed him as on Sept. 1 as previously announced. (Reporting by James Davey; editing by Jason Neely)