Overview

• Paul Marchant, CEO of Primark since 2009, has resigned effective immediately after admitting to an 'error of judgment' regarding his behaviour towards a woman in a social setting.
• Associated British Foods (ABF) conducted an investigation with external lawyers, during which Marchant cooperated and acknowledged his actions fell below company standards.
• Marchant has apologized to the individual involved, the ABF board, his Primark colleagues, and others connected to the business.
• Eoin Tonge, ABF’s finance director, has been appointed interim CEO of Primark, with Joana Edwards stepping in as interim finance director.
• ABF emphasized its commitment to a respectful and inclusive workplace culture and continues to support the individual who brought the allegation forward.