LONDON - Coats Group (LON:COA) plc, the UK-based industrial thread manufacturer, disclosed today that Sarah Highfield, serving as a Non-Executive Director for the company, has been appointed as Chief Financial Officer and Executive Director of Auction Technology Group (LON:ATG) plc. The date when Highfield will assume her new role is yet to be announced to the market.
Highfield's new appointment is in line with the UK Listing Rules, which necessitate the disclosure of such information. Coats Group has a history stretching back over 250 years and is known for its global leadership in the manufacture of threads and performance materials used in a variety of sectors, including apparel, footwear, automotive, and telecommunications.
The company, which is part of the FTSE250 and included in the FTSE4Good Index, reported revenues of $1.4 billion in 2023. It operates in around 50 countries and employs a workforce exceeding 15,000. Coats Group prides itself on innovation and sustainability, aiming to meet Science Based targets for 2030 and striving for net-zero carbon emissions by 2050.
As Highfield prepares to transition to her executive role at Auction Technology Group plc, Coats Group continues to focus on its commitment to diversity, equity, inclusion, and social responsibility within its operations and supply chain. The company's participation in the UN Global Compact underscores its dedication to sustainable and ethical business practices.
This announcement is based on a press release statement and has been issued without the inclusion of promotional language or subjective commentary. The effective date of Highfield's new appointment will be communicated in due course.
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