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.