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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.