CEO of Primark Steps Down Due to Misconduct
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The CEO of Primark, Paul Marchant, has resigned after an investigation into his behavior towards a woman at a social event. Associated British Foods (ABF), Primark’s parent company, confirmed that Mr. Marchant acknowledged his error of judgment and fell short of the company's standards. Eoin Tonge will temporarily take over as CEO, and Joana Edwards will serve as interim finance director. ABF expressed disappointment and emphasized the importance of integrity and respect in the workplace. George Weston, ABF's chief executive, highlighted the need for a culture of responsibility and respect. Mr. Marchant, who led Primark's growth in Europe and the US, was known for expanding the budget retailer's presence. ABF reassured its commitment to maintaining a safe and inclusive work environment and supporting individuals who raise concerns about behavior within the company.

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