Primark boss resigns and admits 'error of judgement' after allegation over his behaviour towards woman
- Paul Marchant has resigned as CEO of Primark after allegations arose regarding his behavior towards a woman in a social environment, as stated by Associated British Foods which oversees Primark.
- Marchant acknowledged his error of judgement and accepted that his actions fell below ABF's standards.
- Eoin Tonge, finance director of ABF, has been appointed as the interim chief executive of Primark following the resignation.
- Shares in Associated British Foods fell by 4% in early trading due to the controversy surrounding Marchant's departure.
156 Articles
156 Articles
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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