Coats Group PLC Directorate Change (2917F)
November 04 2022 - 2:00AM
UK Regulatory
TIDMCOA
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
Coats Group +44 (0)79 7497
Investors Chris Dyett plc 4690
Richard Mountain / Nick +44 (0)20 3727
Media Hasell FTI Consulting 1374
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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 .
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