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LONDON - Coats Group plc announced Tuesday that Non-Executive Director Srinivas Phatak has been appointed Chief Financial Officer and Executive Director of Unilever PLC with immediate effect.
The FTSE250 thread manufacturing company also disclosed that Executive Director Hannah Nichols will join the Coats Sustainability Committee, effective immediately.
Coats Group, a world leader in thread manufacturing and structural components for apparel and footwear, made these disclosures in accordance with UK Listing Rule 6.4.9, according to the company’s press release statement.
The company, headquartered in the UK, reported revenue of $1.4 billion in 2024 and maintains operations across approximately 50 countries with a workforce exceeding 16,000 employees.
Coats Group serves industries including apparel, footwear, automotive, telecoms, personal protection, and outdoor goods, providing products such as threads, structural footwear components, fabrics, yarns, and software applications.
The company is listed on the London Stock Exchange as a FTSE250 constituent and is included in the FTSE4Good Index.
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