Directorate Change

RNS Number : 4211T

Coats Group PLC

17 March 2023

 

17 March 2023

Coats Group plc

Board Changes

Coats Group plc ("Coats" or the "Company"), the world's leading industrial thread and footwear components manufacturer, announces that it has received notice from Heather Lawrence, Non-Executive Director of the Company, of her intention to step down from the Board with effect from 31 March 2023 and therefore not to seek election at the Company's AGM in May 2023.

David Gosnell, Chair of the Company, stated: "In the short time Heather has been with us, she has made a meaningful contribution to the Board.  She has also visited our world class operations and Innovation Centre in Turkey as well as attending our annual global leadership conference.  On behalf of the Board, I wish Heather every success for the future."

As a result of the above, Nicholas Bull, FCA, will continue to act as Chair of the Audit and Risk Committee until further notice.

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

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 2022 was $1.6 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 spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of 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 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 .

 

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