Coats Group PLC Directorate Change (7374O)
October 05 2023 - 1:00AM
UK Regulatory
TIDMCOA
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 cGBP3.9bn
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
Victoria Huxster
/ +44 788 0471350
Investors Julian Wais Investor Relations / +44 772 0999764
FTI Consulting
LLP
Nick Hasell Communications +44 203 7271234
Media Ellen Johnson 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 .
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END
BOAFSFFWLEDSELS
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