Ron Brierley quits Coats Group board, ending 25-year tenure

Mon, 20 Apr 2015

By Jonathan Underhill April 21 (BusinessDesk) - Sir Ron Brierley has resigned from the board of Coats Group, the company that grew out of his investment vehicle Guinness Peat Group, ending a 25-year tenure. GPG sold down its portfolio of investments, leaving just the Coats threadmaking business, and renamed itself to reflect the change in business. Brierley's team at GPG ended up divided over strategy for the group, which had businesses in New Zealand, Australia and Hawaii as well as the European Coats business. In announcing the resig...

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