Appointment of CFO

RNS Number : 1288A

Coats Group PLC

03 June 2016

 

3 June 2016

Coats Group plc

Appointment of Chief Financial Officer

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial thread manufacturer, announces that Simon Boddie will join as Chief Financial Officer and as an Executive Director, effective Monday 4 July 2016.

From 2005 to 2015 Simon was Group Finance Director of Electrocomponents plc, the FTSE 250 industrial distribution business which operates in 32 countries worldwide. Before joining Electrocomponents plc Simon worked at Diageo for over 12 years, holding a variety of senior international commercial finance roles. Prior to this he was a member of the corporate finance team at Hill Samuel Bank. Simon qualified as a Chartered Accountant in 1985 with Price Waterhouse and has an Economics degree from the University of Cambridge.

Simon is also a Non-Executive Director and Chairman of the Audit Committee at Michael Page International PLC, the FTSE 250 international specialist recruitment group.

Commenting on the appointment Paul Forman, Group Chief Executive, said: 

'We are very pleased to welcome Simon to Coats. He has extensive international operations, emerging markets and digital experience, an ideal fit for Coats given our global footprint and leading market positions. I am confident Simon will continue to drive the improvements we have made to our financial capabilities and support Coats in delivering our growth strategy.'

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

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Enquiry details

Investors                                   Jaideep Thatai                          Coats Group plc            [phone]

Media   UK                                Richard Mountain                      FTI Consulting              [phone]

 NZ and Australia            Geoff Senescall                        Senescall Akers            [phone]

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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 more than 60 countries, Coats employs 19,000 people across six continents. Revenues in 2015 were US$1.5bn. Coats' pioneering history and innovative culture ensure the company leads 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 Speciality threads and yarns in areas such as automotive and fibre optics; and extending the crafts offer into new markets and online. Headquartered in the UK, Coats has a premium listing on the London Stock Exchange. To find out more about Coats visit www.coats.com.

 

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