Coats Group PLC Directorate Change (6440W)
16 November 2017 - 6:01PM
UK Regulatory
TIDMCOA
RNS Number : 6440W
Coats Group PLC
16 November 2017
16 November 2017
Coats Group plc
Appointment of Non-Executive Director
Coats Group plc ('Coats' or the 'Company'), the world's leading
industrial thread manufacturer, announces that Hongyan Echo Lu
('Echo') will join the Board as a Non-Executive Director, effective
1 December 2017. In addition, she will join the Remuneration
Committee and the Nomination Committee.
Echo has twenty years of global HR, operations and general
management experience. She spent ten years at Tesco plc in a
variety of senior leadership roles, including Asia HR Director,
Chief Operations Officer, China and Property Director, UK/Ireland.
Most recently, she was the Managing Director of Homebase Ltd as
part of Home Retail Group plc. She started her career at
Bristol-Myers Squibb, a global biopharmaceutical company. Echo has
a Bachelor of Arts in International Economy and Finance from Fudan
University, Shanghai and a Master of Science in Industrial
Relations and Human Resources from West Virginia University.
Echo has previously been a Non-Executive Director of Dobbies
Garden Centres and also served as a Steering Committee Member of
the Trestle Group Foundation, a non-profit organisation which
supports women-led businesses in emerging economies.
Mike Clasper, Chairman, said: 'I am delighted that Echo has
agreed to join the Coats Board. Echo's direct managerial experience
of global companies operating in markets in Asia, particularly
North East Asia, will bring very pertinent additional local and
regional insight. She also has practical knowledge of empowering
women entrepreneurs in emerging economies which will bring
invaluable perspective to the Board.'
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 FTSE250
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
BOAFFEFAIFWSEIF
(END) Dow Jones Newswires
November 16, 2017 02:01 ET (07:01 GMT)
Coats (LSE:COA)
Historical Stock Chart
From Apr 2024 to May 2024
Coats (LSE:COA)
Historical Stock Chart
From May 2023 to May 2024