Rexel Fires CEO Provoost After Disagreement on Governance

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  • Patrick Berard named CEO, Wolseley’s Meakins non-exec Chairman
  • Ouster comes after activist Cevian declares 5 percent holding

Rexel SA ousted Chief Executive Officer Rudy Provoost after a disagreement with the board of directors over a plan at the French electrical-equipment company to split the roles of chairman and CEO.

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