Coats Group PLC Appointment of Chief Financial Officer Designate (3971U)
29 July 2020 - 4:00PM
UK Regulatory
TIDMCOA
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.
_________________________________________________________________________________
Enquiry details
Coats Group +44 (0)20 8210
Investors Rob Mann plc 5175
Richard Mountain / +44 (0)20 3727
Media Nick Hasell FTI Consulting 1374
_________________________________________________________________________________
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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END
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