– UK, Uxbridge – Coats Group plc (LON: COA), the world’s leading industrial thread manufacturer, today announced the appointment of Sarah Highfield to its Board as a Non-Executive Director, effective 1 November 2023.
“I am delighted that Sarah will be joining the Board. Her strong financial background and strategic expertise in diverse sectors and geographies will bring valuable insights to Coats. I look forward to working with Sarah,” said Board Chair, David Gosnell OBE.
Sarah Highfield will also join the Audit and Risk Committee, as Chair Designate, and the Nomination Committee as a member.
About Sarah Highfield
Sarah Highfield was most recently CEO of Elvie, the female technology firm, having previously served as COO and CFO and Deputy CEO. Sarah was also a Non-Executive Director and Chair of the Audit Committee at Seraphine Group plc, which was listed on the main market Before 2023.
Before joining Elvie, Sarah was Group CFO at Costa Coffee for over five years, including during the c£3.9bn sale to The Coca-Cola Company. She was also CFO of Tesco’s Hungary and Slovakia businesses.
Sarah Highfield has significant experience in driving growth globally, including in the US and China.
About Coats Group plc
Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenues in 2022 were $1.6bn.
Trusted by the world’s leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries.
With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of over 17,000, serving its customers worconnectCoats connects talent, textiles, and technology to make a better and more sustainable world. Worldwide, there are three dedicated Coats Innovation Hubs, where experts collaborate with partners to create the materials and products of tomorrow. It participates in the UN Global Compact and has science-based Science Based sustainability targets for 2030 to achieve of achieving net zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity and inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.
SOURCE: https://www.coats.com/
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