COA
13/04/2015 08:30
DIRECTOR
NOT PRICE SENSITIVE
REL: 0830 HRS Coats Group plc
DIRECTOR: COA: Appointment of Senior Independent Director
10 April 2015
Coats Group plc
Appointment of Senior Independent Director
Coats Group plc ('Coats' or the 'Company') announces that Nicholas Bull has
been appointed to the Coats Board as Senior Independent Director with
immediate effect. In addition Nicholas joins the Audit and Risk Committee and
Nominations Committee.
Nicholas is currently Senior Independent Director of the investment trust,
Fidelity China Special Situations plc. From 2010 he was a Director, then
Chairman, of hotel group De Vere up until the completion of its asset
disposal programme earlier this year. Previously he was Chairman of the
Advisory Board of Westhouse Securities and Chairman of Smith's Corporate
Advisory Limited. He is a member of Council of the University of Exeter, and
a trustee of the Design Museum and of the Conran Foundation.
Nicholas has over 30 years of banking experience having worked at Morgan
Grenfell (subsequently Deutsche Bank), Societe Generale and ABN AMRO in
London, Hong Kong, Singapore and Sydney. He has a degree in Chemistry from
the University of Exeter and is a qualified chartered accountant.
Commenting on the appointment Mike Clasper, Chairman, Coats Group plc said:
'I am delighted that Nicholas has joined the Coats Board as Senior
Independent Director. His extensive international banking experience,
attained through various senior management and non-executive roles at global
financial institutions, will further strengthen and broaden the mix of skills
and experience of the Board, particularly in areas such as M&A and in further
developing our relationship with the UK institutional investment community.'
'The appointment of a Senior Independent Director also represents another
important step, following the change of company name and structural changes
made in February, in putting in place the appropriate governance structures
to support a global manufacturing business with FTSE 250 aspirations.'
No further information is required to be disclosed pursuant to Listing Rule
9.6.13.
Additional information on the Coats Board can be found on the Company's
website, www.coats.com/governance.
Enquiry details
UK media Richard Mountain +44 20 3727 1374
New Zealand and Australian media Geoff Senescall +64 9 309 5659
Investors Jaideep Thatai +44 20 8210 5086
End CA:00262984 For:COA Type:DIRECTOR Time:2015-04-13 08:30:38
