Associated British Foods ( (GB:ABF) ) has issued an announcement.
Associated British Foods plc announced the resignation of Paul Marchant as Primark’s Chief Executive following an investigation into his conduct. Eoin Tonge, ABF Finance Director, will temporarily assume the role of Primark Chief Executive, while Joana Edwards will serve as interim ABF Finance Director. The company emphasizes its commitment to maintaining a respectful and inclusive work environment, underscoring the importance of integrity and responsibility in its operations.
More about Associated British Foods
Associated British Foods plc is a diversified international food, ingredients, and retail group. It operates in various sectors, including grocery, sugar, agriculture, ingredients, and retail, with Primark being one of its prominent retail brands.
YTD Price Performance: -5.02%
Average Trading Volume: 1,300,469
Technical Sentiment Signal: Buy
Current Market Cap: £13.99B
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