REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

05/10/2023 07:00

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RNS Number : 7374O  Coats Group PLC  05 October 2023

5 October 2023

 

Coats Group plc

 

Appointment of Non-Executive Director

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread manufacturer, announces that Sarah Highfield will join the Board as a
Non-Executive Director, effective 1 November 2023. 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,
Sarah will succeed Nicholas Bull as Chair of the Audit and Risk Committee
following the 2024 Annual General Meeting of the Company expected to be held
on 22 May 2024.

 

Sarah was most recently Chief Executive Officer of Elvie, the female
technology firm, having previously served as Chief Operating Officer &
Chief Financial Officer and Deputy Chief Executive Officer. Sarah was also a
Non-Executive Director and Chair of the Audit Committee at Seraphine Group
plc, which was listed on the main market from 2021 to 2023.

Prior to joining Elvie, Sarah was Group Chief Financial Officer at Costa
Coffee for over five years, including during the c£3.9bn sale to The
Coca-Cola Company. She was also Chief Financial Officer of Tesco's Hungary and
Slovakia businesses.

Sarah has significant experience of driving growth globally, including in the
US and China.

David Gosnell OBE, Chair of Coats said 'I am delighted that Sarah will be
joining the Board. Her strong financial background and strategic expertise in
diverse sectors and geographies will bring valuable insights to Coats. I look
forward to working with Sarah'.

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

 Enquiry details

 Investors         Victoria Huxster /  Investor Relations        +44 788 0471350 / +44 772 0999764

                   Julian Wais
 Media             Nick Hasell         FTI Consulting LLP        +44 203 7271234

                   Ellen Johnson       Communications Director   +44 772 1237884

 

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. Revenues in 2022 were $1.6bn.

Trusted by the world's leading companies to deliver vital, innovative, and
sustainable solutions, Coats provides value-adding products including apparel,
accessory and footwear threads, structural components for footwear and
accessories, 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 over 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 a goal of
achieving net-zero by 2050. Coats is also committed to achieving its goals in
Diversity, Equity and 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%7C5b2e82c92d9a453f57cd08daccaa5d50%7C048ff72770274cd0b672f075b0bdb973%7C0%7C0%7C638047329323846878%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=MVaDYFX%2F%2Fi8NSJiND250sAwD19LxEJy5mjjHEZggUgc%3D&reserved=0)
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