Coats Group PLC Remuneration and Audit Committee Changes (9374Q)
03 Marzo 2021 - 1:00AM
UK Regulatory
TIDMCOA
RNS Number : 9374Q
Coats Group PLC
03 March 2021
3 March 2021
Coats Group plc
Change of Remuneration Committee Chair and changes to the
membership of the Remuneration Committee and the Audit and Risk
Committee
Coats Group plc ('Coats,' the 'Company' or the 'Group'), the
world's leading industrial thread manufacturer, announces that
Hongyan Echo Lu, Independent Non-Executive Director, will assume
the role of Chair of the Remuneration Committee with effect from 1
May 2021.
Echo has been a member of the Company's Remuneration Committee
since joining the Coats Group plc Board as a Non-Executive Director
on 1 December 2017. Echo will succeed David Gosnell as Chair of the
Remuneration Committee. David will step down as Chair and as a
member of the Remuneration Committee and as a member of the Audit
and Risk Committee with effect from 1 May 2021. This is ahead of
his appointment as Chair of the Board of Coats Group plc, which is
due to take effect at the conclusion of the Company's Annual
General Meeting scheduled for 19 May 2021.
It is also announced that Nicholas Bull, Independent
Non-Executive Director and Senior Independent Director, will join
the Remuneration Committee on 1 May 2021.
This announcement is made pursuant to LR 9.6.11 of the Listing
Rules and further to the announcement of 24 November 2020.
Enquiry details
Coats Group +44 (0)7880 471
Investors Victoria Huxster plc 350
Richard Mountain / Nick +44 (0)20 3727
Media 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, a participant
in the UN Global Compact and a member of the Ellen MacArthur
Foundation. To find out more about Coats visit www.coats.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAFLLLBFXLBBBL
(END) Dow Jones Newswires
March 03, 2021 02:00 ET (07:00 GMT)
Coats (LSE:COA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Coats (LSE:COA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024