Coats names Anne Fahy as non-executive director

Coats, an industrial thread manufacturer and a major player in the Americas textile crafts market which is headquartered in the UK, has announced that Anne Fahy will join the Board as a non-executive director, effective 1 March 2018. In addition, the company has announced that she will join the audit and risk committee and the nomination committee.

Anne has spent over 25 years at BP Plc where she held a series of roles, including chief financial officer of its aviation fuels business. She has extensive experience of global business, developing markets and internal control, as well as strategy development in BP’s aviation, petrochemicals, trading, and retail sectors.

Anne is also a non-executive director of Interserve, the international support services and construction company; SThree, a global staffing organisation providing specialist recruitment services in the STEM industries; and Nyrstar, a global multi-metals business, with a market leading position in zinc and lead.
Mike Clasper chairman, Coats said, “I am delighted that Anne will be joining the Coats Board. She is a very experienced non-executive director with in-depth knowledge of the full range of audit matters and internal controls, as well as wider strategy development. I look forward to working with her.”

Anne started her career with KPMG Ireland before moving to KPMG Australia. She is a Fellow of the Institute of Chartered Accountants in Ireland and has a Bachelor of Commerce in Economics, Accounting, and Business from University College Galway, Ireland.

Ruth Anderson, non-executive director and currently chairman of the audit and risk committee, will not be standing for re-election as a director at the 2018 AGM, to be held on May 16, 2018. Anne will become chairman of the audit and risk committee on that date.