REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

25/08/2022 07:00

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RNS Number : 1428X  Coats Group PLC  25 August 2022

24 August 2022

 

Coats Group plc

 

Appointment of Non-Executive Director

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread manufacturer, announces that Steve Murray will join the Board as a
Non-Executive Director, effective 1 September 2022.  In addition, he will
join the Audit and Risk Committee, the Nomination Committee and the
Remuneration Committee.

 

Steve has more than 30 years of experience in the apparel and footwear
industry and was previously Global Brand President of The North Face. Prior to
The North Face, he was a member of the group executive leadership team at VF
Corporation, one of the world's largest apparel, footwear and accessories
companies and the parent company of The North Face. He previously served as
CEO of Airwair International (Dr. Martens, the iconic British footwear and
clothing brand), and prior to that he served as Global Brand President of
Urban Outfitters, and EMEA President at Deckers Brands.

 

David Gosnell OBE, Chair, said: 'I am delighted that Steve will be joining the
Coats Board. He is a very experienced Director with in-depth knowledge and
understanding of our Apparel and Footwear end-markets. He will be joining the
Board at an exciting period in the corporate story of Coats as it continues to
accelerate its footwear business with the acquisitions of Texon and Rhenoflex.
I look forward to working with him.'

No further information is required to be disclosed pursuant to Listing Rule
9.6.13.

 

 Enquiry details

 Investors         Nick Kidd                       Coats Group plc  +44 (0)20 8210 5090
 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

This announcement contains inside information for the purposes of the Market
Abuse Regulation.

 

About Coats Group plc

With over 250 years of heritage, Coats is the world's leading industrial
thread company. At home in some 50 countries, Coats has a workforce of over
17,000 people across six continents. Revenues in 2021 were US$1.5bn. Coats
provides complementary and value-adding products, services and software
solutions to the apparel and footwear industries. It also applies innovative
techniques to develop high technology performance materials threads, yarns,
fabrics and composites in areas like personal protection, telecoms, energy,
transportation, and household and recreation. Headquartered in the UK, Coats
is a constituent of the FTSE 250 and FTSE4Good Index Series. It is a
participant in the UN Global Compact, a member of the Ellen MacArthur
Foundation, has approved short term Science Based Targets to 2030 and is
committed to developing a long-term target to reach net-zero emissions by
2050, the highest level of ambition on climate change under the Science Based
Target initiative. The pioneering history and innovative culture of Coats
enable the delivery of its purpose to connect talent, textiles and technology
to make a better and more sustainable world. For further information go to
www.coats.com (http://www.coats.com) .

 

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