REG - Coats Group PLC - Directorate Change

CoatsAnnouncement

12/08/2024 07:00

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RNS Number : 9635Z  Coats Group PLC  12 August 2024

12 August 2024

 

Coats Group plc

 

Appointment of Non-Executive Director

 

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial
thread and footwear components manufacturer, announces that Srinivas Phatak
will join the Board as a Non-Executive Director, effective 1 September 2024.
In addition, he will join the Audit and Risk Committee and the Nomination
Committee.

Srinivas is currently the Deputy Chief Financial Officer and Group Controller
for Unilever PLC.

Srinivas has more than 28 years of experience in the consumer products
industry, working in the US, Europe, LATAM and India.  During 2017 and 2021,
Srinivas was Chief Financial Officer and Executive Director of Hindustan
Unilever Limited; a Unilever subsidiary listed in India with market
capitalisation of over € 60bn. His other Unilever experiences include
heading financial shared services, leading finance for supply chain in the
Americas, large scale M&A (including integration) and heading global
treasury operations for Asia.

David Gosnell OBE, Chair of Coats said 'I am delighted that Srinivas will be
joining the Board. His extensive commercial financial expertise, global
multinational business experience and passion for technology transformation
will provide Coats with significant insights. I look forward to working with
Srinivas'.

No further information is required to be disclosed pursuant to Listing Rule
9.6.13.

 Enquiry details
 Investors         Chris Dyett                     Coats Group plc  +44 (0)797 497 4690
 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for
apparel and footwear, as well as an innovative pioneer in performance
materials. These critical solutions are used to create a wide range of
products, including ones that provide safety and protection for people, data
and the environment. Headquartered in the UK, Coats is a FTSE250 company and a
FTSE4Good Index constituent. Revenue in 2023 was $1.4 billion.

Trusted by the world's leading companies to deliver crucial, innovative, and
sustainable solutions, Coats provides value-adding products including apparel,
accessory and footwear threads, structural footwear components, fabrics, yarns
and software applications. Customer partners include companies from the
apparel, footwear, automotive, telecoms, personal protection, and outdoor
goods industries.

With a proud heritage dating back more than 250 years and spirit of evolution
to constantly stay ahead of changing market needs, Coats has operations across
some 50 countries with a permanent workforce of more than 15,000, serving its
customers worldwide.

Coats connects talent, textiles, and technology, to make a better and more
sustainable world. Worldwide, there are four dedicated Coats Innovation Hubs,
where experts collaborate with partners to create the materials and products
of tomorrow. It participates in the UN Global Compact and is committed to
validated Science Based sustainability targets for 2030 and beyond, with an
aspiration of achieving net-zero by 2050. Coats is also committed to achieving
its goals in Diversity, Equity & Inclusion, workplace health & safety,
employee & community wellbeing, and supplier social performance. To find
out more about Coats visit www.coats.com
(https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.coats.com%2F&data=05%7C01%7C%7Cd427f915c4a04c7a281808db0a8c12ed%7C048ff72770274cd0b672f075b0bdb973%7C0%7C0%7C638115368955536325%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=84xJl8cQryEvN50TOkTQnuGQiFTmWNiC4iTooOH29u0%3D&reserved=0)
.

 

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