Primark boss resigns and admits 'error of judgement' after allegation over his behaviour towards woman
- Paul Marchant has resigned as chief executive of Primark following an investigation into his behavior towards a woman, according to Associated British Foods .
- Marchant admitted an 'error of judgment' and acknowledged that his actions fell below ABF's standards, ABF stated.
- Eoin Tonge, the finance director of ABF, will serve as interim chief executive of Primark, with Joana Edwards stepping in as interim finance director.
- ABF reported that its shares fell by 4 percent following Marchant's resignation, which came after a company investigation into his actions in a social setting.
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Primark CEO resigns, we show why
Primark CEO Paul Marchant has resigned after a woman accused him of “misbehaving”. Associated British Foods (ABF), which owns Primark, said the case had been investigated by outside lawyers and Marchant admitted that he had made the wrong decision, as well as accepting that his actions did not meet the standards expected by the company.
News24 Business | CEO of UK retail giant resigns after 'error of judgment' with a woman
The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an "error of judgment" towards a woman in a social situation late last year.
Primark's boss resigns after a report on his "behavior"
This is "an allegation made by a person concerning his or her behaviour towards him or her in a social environment", a statement states that the Executive Director of the Irish low-priced clothing chain apologized "to the person concerned".
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