Coats Group announces board changes, committee updates
Coats Group plc, a UK-based company listed on the LSE, disclosed on Saturday that Non-Executive Director Srinivas Phatak will relinquish his position on the Board by December 31, 2026. Phatak had served on the Board for two years during a period of strategic transformation for the industrial thread and footwear components manufacturer. Tim Cobbold, Chair of the Board, expressed gratitude for Phatak's contributions to the company.
In a strategic move, Wu Gang, another Non-Executive Director, will assume the role on the Audit and Risk Committee as of January 1, 2027. Group CEO David Paja has been appointed Chair of the newly formed Sustainability Committee, effective immediately.
Coats Group, headquartered in the UK, is a constituent of the FTSE 250 and FTSE4Good Index. The company reported a revenue of $1.5 billion in 2025 and employs approximately 19,000 people globally.
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