Last checked at 15 Nov 2023 09:00
15 November 2023
Coats Group plc
Change of Senior Independent Director
Coats Group plc ('Coats' or the 'Company'), the world's leading industrial thread and global footwear component manufacturer, announces that, following the planned retirement of Nicholas Bull at the Company's 2024 Annual General Meeting ('AGM') after serving nine years on the Board, Steve Murray will be appointed Senior Independent Director. This change will take effect from the conclusion of the AGM, expected to be held on 22 May 2024.
Steve joined the Board on 1 September 2022 as a Non-Executive Director, and he is a member of the Audit and Risk Committee, the Nomination Committee and the Remuneration Committee.
This notification is made in accordance with LR 9.6.11.
Stuart Morgan
Chief Legal & Risk Officer and Group Company Secretary
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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.