Directorate Change

RNS Number : 1428X

Coats Group PLC

25 August 2022

 

24 August 2022

Coats Group plc

Appointment of Non-Executive Director

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial thread manufacturer, announces that Steve Murray will join the Board as a Non-Executive Director, effective 1 September 2022.  In addition, he will join the Audit and Risk Committee, the Nomination Committee and the Remuneration Committee.

Steve has more than 30 years of experience in the apparel and footwear industry and was previously Global Brand President of The North Face. Prior to The North Face, he was a member of the group executive leadership team at VF Corporation, one of the world's largest apparel, footwear and accessories companies and the parent company of The North Face. He previously served as CEO of Airwair International (Dr. Martens, the iconic British footwear and clothing brand), and prior to that he served as Global Brand President of Urban Outfitters, and EMEA President at Deckers Brands.

David Gosnell OBE, Chair, said: 'I am delighted that Steve will be joining the Coats Board. He is a very experienced Director with in-depth knowledge and understanding of our Apparel and Footwear end-markets. He will be joining the Board at an exciting period in the corporate story of Coats as it continues to accelerate its footwear business with the acquisitions of Texon and Rhenoflex. I look forward to working with him.'

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

Enquiry details
Investors	Nick Kidd	Coats Group plc	[phone]
Media	Richard Mountain / Nick Hasell	FTI Consulting	[phone]

This announcement contains inside information for the purposes of the Market Abuse Regulation.

About Coats Group plc

With over 250 years of heritage, Coats is the world's leading industrial thread 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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