– UK, Uxbridge – Coats Group plc (LON: COA), the world’s leading industrial thread and footwear components manufacturer, announced the appointment of Wu Gang to its Board as a Non-Executive Director, effective 1 July 2025.
Wu Gang will also join the Nomination Committee and the Remuneration Committee.
About Wu Gang
Wu Gang is an investment banker by background with a career of close to 30 years in Asia and Europe. He built and led industry sector and product teams in different geographies and has advised a variety of companies in different industries on strategic transactions and capital raising. Wu Gang set up and ran European Corporate Finance at CITIC CLSA, the international investment banking platform of CITIC Securities, in 2014. Before that, he led M&A Advisory and Global Industrials groups at ICBC International. He spent his earlier career at Merrill Lynch and HSBC, where he led the Asian Telecoms and Media Investment Banking Group. Wu Gang began his investment banking career at Goldman Sachs.
Wu Gang is a non-executive director of IG Group Holdings plc, Tritax Big Box REIT plc, and Ashurst LLP, where he also chairs the Risk Committee. He was a non-executive director of Laird PLC before its takeover by Advent and served as a senior advisor at Rothschild & Co.
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 an FTSE250 company and an FTSE4Good Index constituent. Revenue in 2024 was $1.5 billion.
Trusted by the world’s leading companies to deliver crucial, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessories, and footwear threads, structural footwear components, 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 permanent workforce of more than 16,000, serving its customers worldwide.
Coats connects talent, textiles, and technology to make a better and more sustainable world. Worldwide, there are four 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 is committed to validated Science-Based sustainability targets for 2030 and beyond, with an aspiration of achieving net-zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity & Inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.
For more: https://www.coats.com/
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