Coats Group CFO Jackie Callaway to step down
By Michele Maatouk
Date: Tuesday 07 Jan 2025
(Sharecast News) - Industrial thread maker Coats Group said on Tuesday that chief financial officer Jackie Callaway has mutually agreed with the board that she will step down from her role at the conclusion of the annual meeting on 21 May.
Callaway, who has been with the company for four and a half years, will assist with an orderly transition to 30 June 2025.
She will be succeeded by Hannah Nichols, who is expected to join the group as CFO designate on 24 April and will also become an executive director. On 21 May, Nichols will assume CFO responsibilities.
Nichols joins from industrial group Hill & Smith, where she has been CFO since 2019. Prior to this, she worked at BT Group and has over 20 years of experience in a range of finance roles. She is currently a non-executive director of Oxford Instruments.
Chair David Gosnell said: "I would like to thank Jackie for her service and outstanding contribution over the last four and a half years. She has played an important role in a number of significant operational and strategic developments for the group, and we wish her all the very best for the future. We are sad as a board to see her leave.
"We are delighted to welcome Hannah to the team. Having run a thorough search process, we are excited to have found a great candidate who has the experience and skills to deliver the next part of the Coats journey."
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