Coats Group PLC Appointment of Chief Financial Officer Designate (3971U)

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RNS Number : 3971U

Coats Group PLC

29 July 2020

29 July 2020

Coats Group plc

Appointment of Chief Financial Officer Designate

Coats Group plc ('Coats', the 'Company' or the 'Group'), the world's leading industrial thread manufacturer, announces that Jackie Callaway will join as Chief Financial Officer Designate and as an Executive Director, with effect from a date that will be announced in due course.

Jackie's appointment follows the announcement on 1 April 2020 that Simon Boddie, Chief Financial Officer, is to retire from Coats with effect from 31 March 2021 to pursue further non-executive opportunities . At that point Jackie will become Chief Financial Officer.

Jackie, who has over 25 years industry experience, is currently Chief Financial Officer at Devro plc, one of the world's leading manufacturers of collagen products for the food industry. She joined Devro in May 2018. Prior to that she was Group Financial Controller of Brambles Limited, the ASX top 20 supply chain logistics company, where she led Brambles' global finance transformation programme. Between 2008 and 2013 she was Chief Financial Officer of Consolidated Minerals Limited, the manganese ore producer, where she led a $405 million refinancing. Jackie is a qualified accountant.

Rajiv Sharma, Group Chief Executive, said: 'Jackie has a strong finance track record, alongside multinational business, manufacturing and supply chain experience, which makes her an ideal fit for Coats going forward. Her arrival will be well timed as it provides the opportunity for her to work closely with Simon Boddie, our current Chief Financial Officer, to ensure a seamless transition of the responsibilities of this key role. I look forward to Jackie's contribution as she builds on her predecessor's successful financial and strategic stewardship.'

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

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 Enquiry details 
                                    Coats Group       [phone] 
 Investors    Rob Mann               plc               5175 
              Richard Mountain /                      [phone] 
 Media         Nick Hasell          FTI Consulting     1374 
 

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About Coats Group plc

Coats is the world's leading industrial thread company. At home in some 50 countries, Coats has a workforce of 17,000 people across six continents. Revenues in 2019 were US$1.4bn. Coats' pioneering history and innovative culture ensure the company continues leading the way around the world. It provides complementary and value added products, services and software solutions to the apparel and footwear industries. It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection. Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series and a participant in the UN Global Compact. To find out more about Coats visit www.coats.com .

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July 29, 2020 02:00 ET (06:00 GMT)