AB Foods' Primark CEO Departure Marks a Disappointing End, Shore Capital Says -- Market Talk

Dow Jones

03/31

0752 GMT - AB Foods surprised markets with a highly disappointing announcement that long-standing Primark CEO Paul Marchant resigned due to inappropriate behavior, Shore Capital analyst Darren Shirley says in a note. "We concur with the views of [AB Foods CEO] Mr. Weston around the bigger factor of dignity and respect being more important than any one person, no matter how senior," Shirley says. The announcement brings a very disappointing end for Marchant, after he led the development of a fine value-based retailer with strong prospects for growth, he says. The analyst agrees that the executive appointed to replace Marchant on an interim basis, current AB Foods finance director Eoin Tonge, has experience to perform the role well. Shares are down 3.4% at 18.74 pounds. (michael.susin@wsj.com)

(END) Dow Jones Newswires

March 31, 2025 03:53 ET (07:53 GMT)

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The announcement brings a very disappointing end for Marchant, after he led the development of a fine value-based retailer with strong prospects for growth, he says. The analyst agrees that the executive appointed to replace Marchant on an interim basis, current AB Foods finance director Eoin Tonge, has experience to perform the role well. Shares are down 3.4% at 18.74 pounds. (michael.susin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 03:53 ET (07:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0128526141.USD","symbol_name":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2523455967","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2523455967","pubTimestamp":1743407580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0752 GMT - AB Foods surprised markets with a highly disappointing announcement that long-standing Primark CEO Paul Marchant resigned due to inappropriate behavior, Shore Capital analyst Darren Shirley says in a note. \"We concur with the views of [AB Foods CEO] Mr. Weston around the bigger factor of dignity and respect being more important than any one person, no matter how senior,\" Shirley says. The announcement brings a very disappointing end for Marchant, after he led the development of a fine value-based retailer with strong prospects for growth, he says. The analyst agrees that the executive appointed to replace Marchant on an interim basis, current AB Foods finance director Eoin Tonge, has experience to perform the role well. Shares are down 3.4% at 18.74 pounds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","BK4135":"资产管理与托管银行","BK4598":"佩洛西持仓","BK4590":"PTP","AB":"联博控股"},"translate_title":"Shore Capital表示，AB Foods Primark首席执行官的离职标志着令人失望的结局——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AB":1},"content_text":"0752 GMT - AB Foods surprised markets with a highly disappointing announcement that long-standing Primark CEO Paul Marchant resigned due to inappropriate behavior, Shore Capital analyst Darren Shirley says in a note. \"We concur with the views of [AB Foods CEO] Mr. Weston around the bigger factor of dignity and respect being more important than any one person, no matter how senior,\" Shirley says. The announcement brings a very disappointing end for Marchant, after he led the development of a fine value-based retailer with strong prospects for growth, he says. The analyst agrees that the executive appointed to replace Marchant on an interim basis, current AB Foods finance director Eoin Tonge, has experience to perform the role well. Shares are down 3.4% at 18.74 pounds. (michael.susin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 03:53 ET (07:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}