Business
Directorate Change
Directorate Change.
About this update from Coats Group Plc
[{"type":"text","content":"\n\n24 June 2025\n \nCoats Group plc\n \nAppointment of Non-Executive Director\n \nCoats Group plc ('Coats' or the 'Company'), the world's leading industrial thread and footwear components manufacturer, announces that Wu Gang will join the Board as a Non-Executive Director, effective 1 July 2025. In addition, he will join the Nomination Committee and the Remuneration Committee.\nWu 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. Prior to 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.\nWu Gang is currently 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 prior to its takeover by Advent and served as a senior advisor at Rothschild & Co.\nDavid Gosnell OBE, Chair of Coats said \"I am delighted that Wu Gang will be joining the Board. His strong strategic and financial advisory background, together with his significant international experience, will complement and further strengthen the Board. I look forward to working with Wu Gang.\"\nNo further information is required to be disclosed pursuant to Listing Rule 6.4.8.\n \n\n\n\n\nEnquiry details\n\n\n\n\n\n\n\nInvestors\n\n\nChris Dyett\n\n\nCoats Group plc\n\n\n+44 (0) 797 497 4690\n\n\n\n\nMedia\n\n\nRichard Mountain / Nick Hasell\n\n\nFTI Consulting\n\n\n+44 (0) 20 3727 1374\n\n\n\n\n \nAbout Coats Group plc\nCoats 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 ...