U.K.-based Coats Group plc (COA) engaged in manufacturing industrial sewing threads worldwide on Thursday announced that Group CEO Rajiv Sharma has decided to step down and leave the group by the end of 2024.
Subsequently, the Board appointed David Paja as Group Chief Executive designate. David is expected to join on September 1 and assume responsibilities on October 1.
David Paja was until recently the CEO of GKN Aerospace, part of Melrose Industries PLC. Prior to this, David held senior leadership positions at Aptiv, Honeywell and Valeo.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.