Coats Group PLC Directorate Change (1617B)
January 08 2018 - 2:00AM
UK Regulatory
TIDMCOA
RNS Number : 1617B
Coats Group PLC
08 January 2018
8 January 2018
Coats Group plc
Appointment of Non-Executive Director
Coats Group plc ('Coats' or the 'Company'), the world's leading
industrial thread manufacturer, announces that Anne Fahy will join
the Board as a Non-Executive Director, effective 1 March 2018. In
addition, she will join the Audit and Risk Committee and the
Nomination Committee.
Anne spent over 25 years at BP Plc where she held a series of
roles, including Chief Financial Officer of its Aviation Fuels
business. She has extensive experience of global business,
developing markets and internal control, as well as strategy
development in BP's aviation, petrochemicals, trading and retail
sectors.
Anne is also a Non-Executive Director of Interserve, the
international support services and construction company; SThree, a
global staffing organisation providing specialist recruitment
services in the STEM industries; and Nyrstar, a global multi-metals
business, with a market leading position in zinc and lead. She is
also a Trustee of Save the Children.
Mike Clasper, Chairman, said: 'I am delighted that Anne will be
joining the Coats Board. She is a very experienced Non-Executive
Director with in-depth knowledge of the full range of audit matters
and internal controls, as well as wider strategy development. I
look forward to working with her.'
Anne started her career with KPMG Ireland before moving to KPMG
Australia. She is a Fellow of the Institute of Chartered
Accountants in Ireland and has a Bachelor of Commerce in Economics,
Accounting and Business from University College Galway,
Ireland.
Ruth Anderson, Non-Executive Director and currently Chairman of
the Audit and Risk Committee, will not be standing for re-election
as a Director at the 2018 AGM, to be held on Wednesday 16 May 2018.
Anne will become Chairman of the Audit and Risk Committee on that
date.
Mike Clasper, Chairman, said: 'I would like to thank Ruth for
her insightful guidance and contribution to the Board over a number
of years. Ruth has played a key part in steering significant change
both to the Audit and Risk Committee, and also to the broader
Group, as we restructured the Guinness Peat Group and Coats plc
Boards, transitioned from an investment holding company to a UK
headquartered manufacturing business, acquired several companies
and entered the FTSE 250. I have greatly appreciated Ruth's support
and wisdom on this very exciting transformation of Coats.'
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13.
Enquiry details
UK media Richard Mountain / Nick Hasell +44 (0)20 3727 1374
Investors Rob Mann +44 (0)20 8210 5175
This announcement contains inside information for the purposes
of the Market Abuse Regulation.
About Coats Group plc
Coats is the world's leading industrial thread manufacturer and
a major player in the Americas textile crafts market. At home in
some 60 countries, Coats employs over 19,000 people across six
continents. Revenues in 2016 were US$1.5bn. Coats' pioneering
history and innovative culture ensure the company continues leading
the way around the world, providing complementary and value added
products and services to the apparel and footwear industries;
applying innovative techniques to develop high technology
Performance Material threads and yarns in areas such as automotive
composites and fibre optics; and extending the crafts offer into
new markets and online. Headquartered in the UK, Coats is a FTSE
250 listed company on the London Stock Exchange. To find out more
about Coats visit www.coats.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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