Coats

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Coats appoints Chief Financial Officer Designate

29 July 2020: Coats, the world’s leading industrial thread company, announces that Jackie Callaway will join as Chief Financial Officer Designate and as an Executive Director.

This will take 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 Australia Securities Exchange 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, Coats, 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.’

ENDS

For more information contact:
Kristina Blissett, Head of Group Communications
kristina.blissett@coats.com
T +44 (0)208 210 5084, M +44 (0)7714 539887

Notes to Editors

About Coats

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 leads 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. It is also the Official Thread Supplier to the Royal Shakespeare Company.

  • Each year Coats makes enough thread to go into 8 billion pairs of jeans – that is one for every person on the planet
  • Every month Coats produces enough thread to stretch all the way to the sun
  • More than 450 million pairs of shoes are made every year using Coats’ thread
  • More than 100 million car airbags are made using Coats’ Performance Materials thread every year
  • In 1879 Thomas Edison used Coats’ thread in his experiments to invent the light bulb
  • Coats’ flame retardant Performance Materials threads can withstand temperatures as high as 1,000 degrees Celsius
  • Coats Epic Ecoverde is the world’s first 100% recycled premium sewing thread

To find out more about Coats visit: www.coats.com

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