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Threads manufacturer Coats names new CFO


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World’s leading industrial thread and consumer textile crafts business – Coats has appointed Simon Boddie as the new Chief Financial Officer of the company, with effect from July 4, 2016.

Simon, who has over thirty years of experience in finance, previously worked as Group Finance Director of Electrocomponents plc, the FTSE 250 industrial distribution business which operates in 32 countries worldwide, and is currently a Non-Executive Director at Michael Page International PLC, the FTSE 250 international specialist recruitment group. There, he was responsible for international growth, e-commerce channel expansion, cost reduction, cash maximization, financings and investor relations during a ten year career. He also worked for Diageo, the leading international drinks business, for thirteen years where he held a variety of senior finance positions.

Also ReadThread manufacturer Coats appoints new Non-Executive Director

On Simon’s appointment, Paul Forman, Group Chief Executive, Coats said, “This is a high calibre appointment of somebody with demonstrable FTSE 250 experience at the point Coats is looking to consolidate its FTSE 250 aspirations. Simon has extensive international operations, emerging markets and digital experience, an ideal fit for Coats given our global footprint and leading market positions. I am confident Simon will continue to drive the improvements we have made to our financial capabilities and support Coats in delivering our growth strategy.”

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