LONDON, March 31 (Reuters) - Associated British Foods ( ASBFF )
said the boss of its Primark clothing business, Paul
Marchant, had resigned with immediate effect following an
allegation made by an individual about his behaviour towards her
in a social environment.
Primark, the successful fast fashion chain, contributes
about half of group profit for AB Foods.
The group said on Monday that Marchant had cooperated with
an investigation led by external lawyers, acknowledged his
"error of judgement" and accepted that his actions fell below
the standards expected by AB Foods.
Eoin Tonge, AB Foods' finance director, will act as Primark
chief executive on an interim basis working with the senior
Primark management team and Primark's Strategic Advisory Board,
while Joana Edwards, AB Foods' financial controller, will act as
interim finance director.
AB Foods said Marchant, who had led Primark since 2009, has
apologised to the individual concerned, the AB Foods board and
also to his Primark colleagues and others connected to the
business.
It said the group would continue to offer support to the
individual who brought this behaviour to its attention.
"I am immensely disappointed. At ABF, we believe that
high standards of integrity are essential," said CEO George
Weston.
"Acting responsibly is the only way to build and manage
a business over the long term. Colleagues and others must be
treated with respect and dignity. Our culture has to be, and is,
bigger than any one individual."