Coats

Coats appoints new Group Head of Tax

Coats plc, the world’s leading industrial thread and consumer textile crafts business, has appointed Andrew Stockwell to the newly created role of Group Head of Tax. Andrew will be responsible for building and leading the focus on optimising the global tax structure for Coats while ensuring it remains compliant with tax laws around the world.

Andrew joins Coats from Dixons Retail plc where he was Interim Head of Direct Tax. Prior to that he held a number of senior tax positions including Head of Tax at engineering group, Charter International plc and Director of Tax Integration at Colfax Corporation..

Richard Howes, Chief Financial Officer, Coats plc, said: ‘Andrew joins us at a period when we are increasing our focus on tax activities across Coats. He brings with him considerable experience in leading tax functions in UK listed companies with particular emphasis on global tax matters.’.

Andrew started his career at Iveco Ford before joining Coopers & Lybrand and is a qualified member of the Chartered Institute of Taxation and the Chartered Institute of Management Accountants. He is based at Coats’ head office at Stockley Park in London.

ENDS

For more information and to obtain a photo contact:

Kristina Blissett, Communications Manager kristina.blissett@coats.com

T +44 (0)208 210 5084, M +44 (0)7714 539887

Notes to Editors

About Coats

With a rich heritage dating back to the 1750s, Coats is the world's leading industrial thread and consumer textile crafts business, at home in more than 70 countries, employing over 20,000 people across six continents. Revenues in 2013 were US$1.7bn.

Our well-known brands and strong relationships with customers and consumers mean our products and services meet current and future needs. Our company-wide understanding of our business partners and consumers, coupled with the deep expertise of our people, builds trust and certainty.

Coats’ pioneering history and innovative culture ensure the company continues leading the way around the world: providing complementary and value added products and services to the apparel and footwear industries; extending the crafts offer into new markets and online; and applying innovative techniques to develop products in new areas such as tracer threads, aramids and fibre optics.

  • One in five garments on the planet is held together using Coats’ thread
  • 100 million car airbags are made using Coats’ thread every year
  • Coats produces enough yarn to knit 70 million scarves a year
  • In three and a half hours, Coats makes enough thread to go to the moon and back
  • 400 million pairs of shoes are made every year using Coats’ thread
  • One million teabags using Coats’ thread are brewed every 10 minutes
  • Thousands of surgical operations take place every day using Coats’ thread
  • Thomas Edison used Coats’ thread in 1879 to invent the light bulb
  • Coats produces enough thread to reach around the Equator every 11 minutes
  • Coats is the second largest and fastest growing global zip manufacturer

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

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