Coats : appoints Chief Financial Officer Designate

Coats appoints Chief Financial Officer Designate

• 29 Jul 2020
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29 July 2020: Coats, the world's leading industrial thread company, announces that Jackie Callaway will join as Chief Financial Officer Designate and as an Executive Director.

This will take effect from a date that will be announced in due course.

Jackie's appointment follows the announcement on 1 April 2020 that Simon Boddie, Chief Financial Officer, is to retire from Coats with effect from 31 March 2021 to pursue further non-executive opportunities. At that point Jackie will become Chief Financial Officer.

Jackie, who has over 25 years industry experience, is currently Chief Financial Officer at Devro plc, one of the world's leading manufacturers of collagen products for the food industry. She joined Devro in May 2018. Prior to that she was Group Financial Controller of Brambles Limited, the Australia Securities Exchange top 20 supply chain logistics company, where she led Brambles' global finance transformation programme. Between 2008 and 2013 she was Chief Financial Officer of Consolidated Minerals Limited, the manganese ore producer, where she led a $405 million refinancing. Jackie is a qualified accountant.

Rajiv Sharma, Group Chief Executive, Coats, said: 'Jackie has a strong finance track record, alongside multinational business, manufacturing and supply chain experience, which makes her an ideal fit for Coats going forward. Her arrival will be well timed as it provides the opportunity for her to work closely with Simon Boddie, our current Chief Financial Officer, to ensure a seamless transition of the responsibilities of this key role. I look forward to Jackie's contribution as she builds on her predecessor's successful financial and strategic stewardship.'

ENDS