Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 8, 2020, as a result of a change in primary employment, Mr. David Calhoun notified Gates Industrial Corporation plc (the "Company") of his intention to resign from his positions as chairperson and a member of the Board of Directors (the "Board") of the Company, as well as all committees of the Board on which he served. Mr. Calhoun's resignation was not a result of any disagreement with the Company on any matter. On January 9, 2020, the Board accepted Mr. Calhoun's resignation and appointed Neil Simpkins as chairperson of the Board to replace Mr. Calhoun.

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