Coats Group Plc Regulatory News (COA)

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.

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.