Primark-owner Associated British Foods (ABF) has announced that its chairman, Charles Sinclair, intends to retire from the board, effective 11 April.
In a statement released yesterday, the company said that Sinclair is set to be succeeded by Michael McLintock, who has been an independent non-executive director of the company since 1 November 2017.
McLintock was previously CEO of investment company M&G from 1997 until his retirement in 2016.
Sales Growth
ABF, which also owns FMCG brands such as Twinings, Ryvita and Kingsmill, posted group revenue growth of 4% in the most recent financial quarter.
Its Primark trading division posted 'record sales' in the week before Christmas, with strong like-for-like growth in the UK, while the group's grocery business saw also saw a slight increase.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
