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LONDON - Coats Group (LON:COA) plc, a manufacturer of industrial thread and footwear components, announced Tuesday that Wu Gang will join its board as a non-executive director effective July 1, 2025.
Wu will also serve on the company’s Nomination Committee and Remuneration Committee, according to a press release statement.
With nearly 30 years of investment banking experience across Asia and Europe, Wu previously established and led European Corporate Finance at CITIC CLSA. His career includes leadership positions at ICBC International, Merrill Lynch, and HSBC, where he headed the Asian Telecoms and Media Investment Banking Group. He began his investment banking career at Goldman Sachs.
Currently, Wu serves as a non-executive director at IG Group Holdings plc, Tritax Big Box REIT plc, and Ashurst LLP, where he also chairs the Risk Committee. His previous board experience includes serving as a non-executive director at Laird plc before its acquisition by Advent.
David Gosnell OBE, Chair of Coats, said, "His strong strategic and financial advisory background, together with his significant international experience, will complement and further strengthen the Board."
Coats Group plc is listed on the London Stock Exchange (LON:LSEG) as a FTSE250 company. The company reported revenue of $1.5 billion in 2024 and employs more than 16,000 people across approximately 50 countries.
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