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Coats Group plc announced that Srinivas Phatak, Non-Executive Director, will step down from the Board with effect from 31 December 2026. Additionally, Wu Gang, Non-Executive Director, will join the Audit and Risk Committee effective 1 January 2027, and David Paja, Executive Director and Group CEO, has been appointed Chair of the Sustainability Committee with immediate effect.
| Date | 28 Sept 2026 |
| Time | 09:00:01 |
| Category | Board changes |
| ID | 4517W |
28 September 2026
Coats Group plc
Board changes and Committee membership updates
Coats Group plc ('Coats,' the 'Company' or the 'Group'), the world's leading industrial thread and footwear components manufacturer, announces that it has received notice from Srinivas Phatak, Non-Executive Director of the Company, of his intention to step down from the Board with effect from 31 December 2026.
Tim Cobbold, Chair of the Board, stated "On behalf of the Board, I would like to thank Srinivas for his contribution to Coats over the past two years during a period of strategic transformation. We wish him every success for the future."
It is also announced that Wu Gang, Non-Executive Director of the Company, will join the Audit and Risk Committee with effect from 1 January 2027 and that David Paja, Executive Director and Group CEO, has been appointed Chair of the Sustainability Committee with immediate effect.
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Enquiry details |
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Investors |
Chris Dyett |
Coats Group plc |
+44 (0) 7974 974 690 |
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Media |
Nick Hasell / Victoria Hayns |
FTI Consulting |
+44 (0)20 3727 1340 |
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 $1.5bn 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 or follow us on LinkedIn.