The primary boss resigned for inappropriate behavior
Paul Marchantthe longtime boss of Primark, resigned as a result of allegations of inappropriate behavior towards a coworker. Associated British Foods (ABF), who owns Primark, initiated an independent investigation after receiving the appeal. Marchant admitted that he « misjudged the controversial situation ».
The investigation confirmed that Marchant’s behavior was under any standards that the company expects from employees. Marchant, however, fully cooperated with investigators and acknowledged the misconduct. In the statement, he expressed his regret and apologized to both the affected associates and his colleagues in Primark.
George WestonCEO of ABF, expressed disappointment over the former Primark boss and stressed that they High standards of integrity crucial for long -term successful business. “Our colleagues and others must be treated with respect and dignity. The culture in our company must be larger than each individual, « Weston said. The company assured that it will continue to support an employee who has reported inappropriate behavior, reports Guardian.
Company shares in trouble still stagnated
Marchant has been at the helm of Primark since 2009, when he took over the management from the founder of the company, Arthur Ryan. He has previously worked in several well -known trading companies such as Debenhams, Topman, River Island and New Look. Under his leadership, Primark expanded to European and US marketswhich has made the company gain international recognition.
Paul Marchant has been at the helm of Primark since 2009, when he took over the management from the founder of the company, Arthur Ryan. Photo: Paul Faith/AFP
Marchant resigned in time, When Primark is facing several challengesincluding a decline in sales in the United Kingdom and Ireland. In addition, when announcing Merchant’s resignation, ABF shares on the London Stock Exchange fell by almost four percent. The company has announced that it will Ein tongeABF financial director, temporarily took over the leadership of Primark. Joana Edwardsthe financial controller of the group, will now take over Tong’s previous place.
In a press release, ABF emphasized a commitment to ensuring a safe, respectful and inclusive work environment, where all employees and third parties are treated with dignity and respect. The company also expressed their commitment to responsible business at all levels of the organization.
