Marc Ronchetti has been appointed finance director of Wolseley UK.

Mr Ronchetti joins the business from Inchcape plc, a leading international automotive distributor and retailer, and will be responsible for developing and implementing the financial strategy of Wolseley UK.

Steve Ashmore, managing director of Wolseley UK, said: “Marc is an experienced, operationally focussed FTSE finance director, with a track record of driving excellent financial results and delivering successful acquisitions and change programmes. I am pleased to welcome him into our business.”

Mr Ronchetti succeeds Derek Harding, who left Wolseley UK to take up a group finance director position with Senior plc.