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Ferguson PLC Announces Non-Executive Director Appointment

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Ferguson plc has appointed James S. Metcalf as a non-executive director, effective February 1, 2023. Metcalf brings extensive experience, having served as CEO and Chairman of Cornerstone Building Brands, and held multiple roles at USG Corporation. His background includes expertise in balance sheet management, strategic planning, and operational excellence. Ferguson's chairman, Geoff Drabble, expressed confidence that Metcalf's leadership will aid in Ferguson's goal to enhance project success. Ferguson is a leading distributor in North America, focusing on simplifying complex projects through a range of services.

Positive
  • Appointment of James S. Metcalf adds experienced leadership to the Board.
  • Metcalf's background in strategic planning and operational excellence aligns with Ferguson's growth objectives.
Negative
  • None.

Ferguson Appoints James S. Metcalf as a Non-Executive Director

WOKINGHAM, UK / ACCESSWIRE / January 31, 2023 / Ferguson plc(NYSE:FERG)(LSE:FERG) announces today the appointment of James S. Metcalf to the Board as a Non-Executive Director effective February 1, 2023. Mr. Metcalf will join the Board's Compensation Committee and Nominations & Governance Committee.

Mr. Metcalf, a U.S. citizen, previously served as Chairman and Chief Executive Officer of Cornerstone Building Brands from 2018 until his retirement as CEO in September 2021 and as Chairman in March 2022. Prior to joining Cornerstone Building Brands, he held various roles at USG Corporation. At the time of his retirement from USG in November 2016, Mr. Metcalf served as its Chairman since December 2011, and served as its Chief Executive Officer and President since January 2011. He also served as a board member of Tenneco Inc. from 2014 to 2022.

"The Board is pleased to welcome James as its newest member," said Geoff Drabble, Ferguson Chairman. "He brings considerable executive leadership, U.S. public company board and industry experience to Ferguson. James's specific background in balance sheet management, strategic planning, operational excellence and building organic growth will help Ferguson realize our vision to become the ultimate project success company."

About Ferguson

Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor in North America providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more. We exist to make our customers' complex projects simple, successful and sustainable. Ferguson is headquartered in the U.K., with its operations and associates solely focused on North America and managed from Newport News, Virginia. For more information, please visitwww.corporate.ferguson.com or follow us on LinkedInwww.linkedin.com/company/ferguson-enterprises.

For further information please contact:

Investor InquiriesMedia Inquiries
Brian Lantz
Vice President, IR and Communications
Ferguson
+1 224 285 2410
Brian.lantz@ferguson.com
John Pappas
Director, Financial Communications
Ferguson
+1 484 790 2727
John.pappas@ferguson.com
Pete Kennedy
Director, Investor Relations
Ferguson
+1 757 603 0111
Peter.kennedy@ferguson.com

# # #

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC



View source version on accesswire.com:
https://www.accesswire.com/737391/Ferguson-PLC-Announces-Non-Executive-Director-Appointment

FAQ

Who is James S. Metcalf in relation to Ferguson plc?

James S. Metcalf is the newly appointed non-executive director of Ferguson plc, effective February 1, 2023.

What experience does James S. Metcalf bring to Ferguson plc?

Metcalf has extensive experience in executive leadership, having served as CEO and Chairman of Cornerstone Building Brands and held various roles at USG Corporation.

What role will James S. Metcalf serve on the Ferguson plc Board?

He will join the Board's Compensation Committee and Nominations & Governance Committee.

When was the appointment of James S. Metcalf announced?

The appointment was announced on January 31, 2023.

What is Ferguson plc's main business focus?

Ferguson plc is a leading value-added distributor in North America, providing solutions and products for various sectors including plumbing and HVAC.

Ferguson Enterprises Inc.

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