REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

24/06/2025 07:00

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RNS Number : 0519O  Coats Group PLC  24 June 2025

24 June 2025

 

Coats Group plc

 

Appointment of Non-Executive Director

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread and footwear components manufacturer, announces that Wu Gang will join
the Board as a Non-Executive Director, effective 1 July 2025. In addition, he
will join the Nomination Committee and the Remuneration Committee.

Wu Gang is an investment banker by background with a career of close to 30
years in Asia and Europe. He built and led industry sector and product teams
in different geographies and has advised a variety of companies in different
industries on strategic transactions and capital raising. Wu Gang set up and
ran European Corporate Finance at CITIC CLSA, the international investment
banking platform of CITIC Securities in 2014. Prior to that, he led M&A
Advisory and Global Industrials groups at ICBC International. He spent his
earlier career at Merrill Lynch and HSBC, where he led the Asian Telecoms and
Media Investment Banking Group. Wu Gang began his investment banking career at
Goldman Sachs.

Wu Gang is currently a non-executive director of IG Group Holdings plc, Tritax
Big Box REIT plc and Ashurst LLP, where he also chairs the Risk Committee. He
was a non-executive director of Laird plc prior to its takeover by Advent and
served as a senior advisor at Rothschild & Co.

David Gosnell OBE, Chair of Coats said "I am delighted that Wu Gang will be
joining the Board. His strong strategic and financial advisory background,
together with his significant international experience, will complement and
further strengthen the Board. I look forward to working with Wu Gang."

No further information is required to be disclosed pursuant to Listing Rule
6.4.8.

 

 Enquiry details
 Investors        Chris Dyett                     Coats Group plc  +44 (0) 797 497 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 2024 was $1.5 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 a spirit of
evolution to constantly stay ahead of changing market needs, Coats has
operations across some 50 countries with a permanent workforce of more than
16,000, serving its customers worldwide.

 

Coats connects talent, textiles, and technology, to make a better and more
sustainable world. Worldwide, there are four 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
validated 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://www.coats.com/en)

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