Primark CEO Paul Marchant has resigned immediately following an investigation into alleged inappropriate behavior, according to the Financial Times. Parent company Associated British Foods said Marchant cooperated with the probe, acknowledged poor judgment, and accepted that his actions did not meet the company’s standards. ABF launched the investigation after receiving a complaint about Marchant’s behavior in a social setting. CEO George Weston said he was “immensely disappointed” and emphasized the need for a respectful workplace culture. Shares of ABF fell 4% in morning trading.
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00:00It's Benzinga bringing Wall Street to Main Street CEO Paul Marchant has resigned immediately
00:04following an investigation into alleged inappropriate behavior, according to the
00:08Financial Times. Parent company Associated British Foods said Marchant cooperated with
00:12the probe, acknowledged poor judgment and accepted that his actions did not meet the company's
00:17standards. AFP launched the investigation after receiving a complaint about Marchant's behavior
00:23in a social setting. CEO George Weston said he was immensely disappointed and emphasized the need
00:29for a respectful workplace culture. Shares of ABF fell 4% in morning trading. For all
00:34things money visit benzinga.com slash gstv