REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

04/11/2022 07:00

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RNS Number : 2917F  Coats Group PLC  04 November 2022

4 November 2022

 

Coats Group plc

 

Appointment of Non-Executive Director

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread and global footwear component manufacturer, announces that Heather
Lawrence will join the Board as a Non-Executive Director, effective 7 November
2022. In addition, she will join the Audit and Risk Committee, as Chair
Designate, and the Nomination Committee. Subject to shareholder approval of
her nomination to the Board, Heather will succeed Nicholas Bull as Chair of
the Audit and Risk Committee following the 2023 Annual General Meeting of the
Company expected to be held on 17 May 2023.

 

Heather originally qualified as a Chartered Accountant and subsequently spent
well over a decade working in senior roles in corporate finance and investment
banking, where she honed her experience across industrial and transportation
businesses. In her most recent role, Heather was a Managing Director at
Citigroup, where she ran the Aviation and Travel franchise in EMEA. She has
served on several boards and was previously a Non-Executive Director of Flybe
plc. Heather is currently a Non-Executive Director and Chair of the Audit
Committee at Melrose Industries plc.

 

David Gosnell OBE, Chair, said: 'I am delighted that Heather will be joining
the Board. Her in-depth knowledge and understanding of Finance across multiple
industries is a huge asset for Coats. I look forward to working with her.'

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

 Enquiry details

 Investors         Chris Dyett                     Coats Group plc  +44 (0)79 7497 4690

 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

 

About Coats Group plc

With over 250 years of heritage, Coats is the world's leading industrial
thread and global footwear component 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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