# Coats Group appoint David Gosnell as new Chairman

- Link: https://www.directorstalkinterviews.com/coats-group-appoint-david-gosnell-as-new-chairman/412940626
- Published: 2020-11-24T08:19:30+00:00
- Author: Giles

**Coats Group plc** (LON:COA), the world’s leading industrial thread manufacturer,
has announced that Mike Clasper has advised the Board that he will retire as Chairman
and from the Board of Coats, at the conclusion of the Annual General Meeting scheduled
for 19 May 2021, after nearly eight years year with the Company. Mike will be succeeded
as Chairman by David Gosnell who is currently an Independent Non-Executive Director
of Coats.

David joined the Coats Board in 2015. He was formerly Chairman of Old Bushmills 
Distillery Company Ltd and a Non-Executive Director of Brambles Ltd. David retired
from [Diageo plc](https://www.directorstalkinterviews.com/ftse-company/diageo-plc/dge.l)
in 2014 where he had most recently held the role of President of Global Supply and
Procurement.

> **Mike Clasper, said:** ‘I am privileged to have chaired Coats, a company with
> over 250 years of rich heritage and a deeply embedded positive and strong culture.
> It has been a time of unprecedented corporate transformation including the merger
> of the Guinness Peat Group and Coats plc Boards, delisting from the Australian
> and New Zealand Stock Exchanges, re-listing on the London Stock Exchange and entry
> to the [FTSE 250](https://www.directorstalkinterviews.com/news/ftse-250) as well
> as the recommencement of our acquisition programme. David is an ideal successor
> to continue the positive momentum we have created and I am confident he will be
> an excellent Chairman.’

> **Rajiv Sharma, Coats Group Chief Executive, said:** ‘On behalf of the Board I
> would like to thank Mike for his outstanding contribution as Chairman. His drive,
> determination and resilience have been an integral part of our transformation 
> success. We all wish him well for the future. I look forward to continue working
> with David and building on the strong legacy that Mike will be leaving.’

David succeeds Mike as Chairman of the Nomination Committee with immediate effect.

David will step down as Chair of the Remuneration Committee with effect from a date
that will be announced in due course.

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