The Ferguson Group has boosted its senior management team with the appointment of Derek Penny as the Group’s corporate development director.

Derek Penny joined the Ferguson Group earlier this year as its business development consultant. Earlier this week it was announced that he has been appointed as the Group's corporate development director. The new position will support the Executive Team, focusing on the management and execution of strategy to meet the Ferguson Group’s 3-year expansion programme. Derek Penny brings to the Group extensive oil and gas sector experience drawn from previous senior roles with international operators, engineering consultancies, supply chain contractors and manufacturers.

Steven Ferguson, chairman and CEO of Ferguson Group said: “I am delighted to welcome Derek to the team and I am confident that his depth of experience in disciplines including change management, strategic planning and internationalization, will be a great asset to the Ferguson Group.”

Tags: The Ferguson Group