Coats

Coats announces new Non-Executive Director

Coats, the world’s leading industrial thread manufacturer announces that Anne Fahy will join the Board as a Non-Executive Director, effective 1 March 2018.  In addition, she will join the Audit and Risk Committee and the Nomination Committee.

Anne spent over 25 years at BP Plc where she held a series of roles, including Chief Financial Officer of its Aviation Fuels business.  She has extensive experience of global business, developing markets and internal control, as well as strategy development in BP’s aviation, petrochemicals, trading and retail sectors.

Anne is also a Non-Executive Director of Interserve, the international support services and construction company; SThree, a global staffing organisation providing specialist recruitment services in the STEM industries; and Nyrstar, a global multi-metals business, with a market leading position in zinc and lead.  She is also a Trustee of Save the Children.

Mike Clasper, Chairman, Coats, said: ‘I am delighted that Anne will be joining the Coats Board.  She is a very experienced Non-Executive Director with in-depth knowledge of the full range of audit matters and internal controls, as well as wider strategy development.  I look forward to working with her.’

Anne started her career with KPMG Ireland before moving to KPMG Australia.  She is a Fellow of the Institute of Chartered Accountants in Ireland and has a Bachelor of Commerce in Economics, Accounting and Business from University College Galway, Ireland.

Ruth Anderson, Non-Executive Director and currently Chairman of the Audit and Risk Committee, will not be standing for re-election as a Director at the 2018 AGM, to be held on Wednesday 16 May 2018.  Anne will become Chairman of the Audit and Risk Committee on that date.

Mike Clasper said: ‘I would like to thank Ruth for her insightful guidance and contribution to the Board over a number of years.  Ruth has played a key part in steering significant change both to the Audit and Risk Committee, and also to the broader Group, as we restructured the Guinness Peat Group and Coats plc Boards, transitioned from an investment holding company to a UK headquartered manufacturing business, acquired several companies and entered the FTSE 250.  I have greatly appreciated Ruth’s support and wisdom on this very exciting transformation of Coats.’  

ENDS

For more information and to request a photo of Anne Fahy contact:

Kristina Blissett, Head of 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 manufacturer and a major player in the Americas textile crafts market. At home in some 60 countries, Coats employs 19,000 people across six continents. Revenues in 2016 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 Performance Materials threads and yarns in areas such as automotive, composites and fibre optics; and extending the crafts offer into new markets and online.

Headquartered in the UK, Coats is a FTSE 250 listed company on the London Stock Exchange.

  • Each year we make enough thread to go into 8 billion pairs of jeans - that’s 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
  • Our Red Heart knitting and crochet yarn brand has been named ‘America’s Most Recommended’ by the Women’s Choice Award for three years running
  • Our flame retardant Performance Materials threads can withstand temperatures as high as 1,000 degrees Celsius
  • Coats is the second largest supplier of zips to global brands