REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

17/03/2023 16:45

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RNS Number : 4211T  Coats Group PLC  17 March 2023

17 March 2023

Coats Group plc

Board Changes

 

Coats Group plc ("Coats" or the "Company"), the world's leading industrial
thread and footwear components manufacturer, announces that it has received
notice from Heather Lawrence, Non-Executive Director of the Company, of her
intention to step down from the Board with effect from 31 March 2023 and
therefore not to seek election at the Company's AGM in May 2023.

David Gosnell, Chair of the Company, stated: "In the short time Heather has
been with us, she has made a meaningful contribution to the Board.  She has
also visited our world class operations and Innovation Centre in Turkey as
well as attending our annual global leadership conference.  On behalf of the
Board, I wish Heather every success for the future."

As a result of the above, Nicholas Bull, FCA, will continue to act as Chair of
the Audit and Risk Committee until further notice.

 

 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

Coats is a world leader in thread manufacturing and structural components for
apparel and footwear, as well as an innovative pioneer in performance
materials. These critical solutions are used to create a wide range of
products, including ones that provide safety and protection for people, data
and the environment. Headquartered in the UK, Coats is a FTSE250 company and a
FTSE4Good Index constituent. Revenue in 2022 was $1.6 billion.  Trusted by
the world's leading companies to deliver crucial, innovative, and sustainable
solutions, Coats provides value-adding products including apparel, accessory
and footwear threads, structural footwear components, fabrics, yarns and
software applications. Customer partners include companies from the apparel,
footwear, automotive, telecoms, personal protection, and outdoor goods
industries. With a proud heritage dating back more than 250 years and spirit
of evolution to constantly stay ahead of changing market needs, Coats has
operations across some 50 countries with a workforce of 17,000, serving its
customers worldwide. Coats connects talent, textiles, and technology, to make
a better and more sustainable world. Worldwide, there are three dedicated
Coats Innovation Hubs, where experts collaborate with partners to create the
materials and products of tomorrow. It participates in the UN Global Compact
and is committed to Science Based sustainability targets for 2030 and beyond,
with an aspiration of achieving net-zero by 2050. Coats is also committed to
achieving its goals in Diversity, Equity & Inclusion, workplace health
& safety, employee & community wellbeing, and supplier social
performance. To find out more about Coats visit www.coats.com
(https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.coats.com%2F&data=05%7C01%7C%7Cd427f915c4a04c7a281808db0a8c12ed%7C048ff72770274cd0b672f075b0bdb973%7C0%7C0%7C638115368955536325%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=84xJl8cQryEvN50TOkTQnuGQiFTmWNiC4iTooOH29u0%3D&reserved=0)
.

 

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