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(Alliance News) -Â Coats Group PLC on Tuesday said Independent Non-Executive Director David Gosnell will become its next chair.
Mike Clasper intends to retire as chair and from the board of Coats at the conclusion of the annual general meeting scheduled for May 2021, after nearly eight years with the industrial threads firm.
Gosnell joined the board in 2015. He retired from drinks giant Diageo PLC in 2014 where he had most recently held the role of president of Global Supply & Procurement.
Clasper said: "I am privileged to have chaired Coats, a company with over 250 years of rich heritage and a deeply embedded positive and strong culture. It has been a time of unprecedented corporate transformation including the merger of the Guinness Peat Group and Coats plc Boards, delisting from the Australian and New Zealand Stock Exchanges, re-listing on the London Stock Exchange and entry to the FTSE 250 as well as the recommencement of our acquisition programme."
Shares in Coats were flat at 69.00 pence in London on Tuesday.
By Lucy Heming;Â lucyheming@alliancenews.com
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