REG - Coats Group PLC - Appointment of Chair

CoatsAnnouncement

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RNS Number : 3519E  Coats Group PLC  14 May 2026

14 May 2026

Coats Group plc

Appointment of Chair

Coats Group plc ('Coats' or the 'Company'), a world-leading Tier 2 supplier of
critical components to the apparel and footwear industries, announces that Tim
Cobbold will join the Board as a Non-Executive Director and Chair Designate
with effect from 1 July 2026. He will also join the Nomination Committee at
this time. Further to the succession plan announced in March 2024, David
Gosnell will retire as Chair and from the Board of Coats on 31 July 2026,
after eleven years with the Company, having served as Chair from May 2021. Tim
will then succeed David as Chair, and Chair of the Nomination Committee, with
effect from 1 August 2026.

Tim is currently Chair of Spirax Group plc, where he also chairs the
Nomination Committee, and he was previously Chair of TI Fluid Systems plc from
2022 to 2025, having initially been appointed as a Non-Executive Director in
2019. He was also a Non-Executive Director of Rotork plc from 2018 to 2024. In
his executive career, Tim was the Chief Executive of three FTSE 250 listed
companies: UBM plc; De La Rue plc; and Chloride Group plc. Prior to this, he
held senior management positions at Smiths Group/TI Group where he worked for
18 years.

Steve Murray, Senior Independent Director, said: "Following a comprehensive
and rigorous search process, the Board is delighted to appoint Tim as Chair.
He brings extensive experience of leading large, complex industrial groups and
a strong track record of delivering value through growth, operational
excellence, and capital allocation including M&A. His meaningful
experience as Chair of listed companies, combined with his international
background, positions him well to support the Company's long‑term growth.

On behalf of the Board, I would like to thank David for his significant
contribution over many years, both as Chair and previously as a Non-Executive
Director. His leadership has been an integral part of our transformation and
success. We all wish him well for the future."

Tim said: "I am delighted to be joining Coats at a time that the Group has
exciting opportunities to accelerate growth and to generate significant value
for shareholders. I am looking forward to working with the Board and Group
Executive Team to realise those opportunities."

Commenting on his retirement from the Board and Tim's appointment, David said:
"It has been a privilege to serve as Chair of Coats over the past five years
and to contribute to the stewardship of a business with a 250‑year legacy of
creating value and innovating to meet our customers' evolving needs. During my
tenure as Chair, the Group has transformed its portfolio, including the
creation of our dedicated Footwear division following the acquisitions of
Rhenoflex, Texon and, most recently, OrthoLite. The derisking of the UK
pension scheme, together with our continued focus on sustainability, positions
Coats well for future success. I am delighted to welcome Tim to the Board as
my successor as Chair. I would like to thank my fellow Board members for their
support and wish the Company every success in the future."

No further information is required to be disclosed pursuant to Listing Rule
6.4.8.

 

 Enquiry details

 Investors        Chris Dyett      Coats Group plc  +44 (0)797 497 4690
 Media            Nick Hasell      FTI Consulting   +44 (0) 20 3727 1340

                  Victoria Hayns

 

About Coats Group plc

 

Coats is a world-leading Tier 2 manufacturer and trusted partner for the
apparel and footwear industries. We deliver essential materials, components,
and software solutions that help our customers grow, compete and win.

 

With over 250 years of industry expertise, we're shaping the future of the
apparel and footwear supply chain through insight-led innovation, impactful
sustainability practices, and digital technologies that unlock better product
quality, efficiency and performance.

 

Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the
FTSE4Good Index. In 2025, we generated $1.5 billion in revenue and employed
c.19,000 people worldwide - all united by a spirit of innovation, quality and
service. Learn more at www.coats.com (http://www.coats.com/)  or follow us
on LinkedIn.

 

LEI: 2138003SPYWGAITNFY17

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