Finance
Primark names eoin tonge permanent CEO as possible spin-off looms
Published by Global Banking & Finance Review®
Posted on March 5, 2026
1 min readLast updated: March 5, 2026
Quick Summary
Eoin Tonge, who has served as Primark’s interim CEO since March 2025, has been appointed permanent CEO amid Associated British Foods’ ongoing review of potentially separating Primark from its food businesses. ABF is exploring a possible spin‑off to unlock value. (282 characters)
Primark Appoints Eoin Tonge as CEO as Parent Company Considers Spin-Off
Primark CEO Appointment and Corporate Strategy
Permanent Appointment of Eoin Tonge
March 5 (Reuters) - Britain's Primark named interim CEO Eoin Tonge as its permanent boss on Thursday, even as parent Associated British Foods explores a separation of the fashion chain.
Background on Leadership Transition
Parent Company’s Strategic Considerations
(Reporting by Prerna Bedi and Shashwat Awasthi in Bengaluru; Editing by Subhranshu Sahu)
Key Takeaways
- •Eoin Tonge, previously ABF’s finance director and interim Primark CEO since March 31, 2025, has been confirmed as permanent CEO of Primark. (theindustry.fashion)
- •Associated British Foods is reviewing whether to separate Primark from its food divisions to enhance strategic clarity and shareholder value, with the process guided by Rothschild & Co and in consultation with its major shareholder. (grocerygazette.co.uk)
- •Primark remains ABF’s most profitable segment—accounting for roughly half of group profits and seeing modest growth—while ABF’s broader group profits have slipped, underscoring pressure to restructure. (cincodias.elpais.com)
References
Frequently Asked Questions about Primark names Eoin Tonge permanent CEO as possible spin-off looms
1Who was named permanent CEO of Primark?
Eoin Tonge has been named the permanent CEO of Primark.
2What is Primark's parent company considering?
Associated British Foods, Primark's parent company, is exploring a possible separation or spin-off of the fashion chain.
3When was Eoin Tonge appointed as permanent CEO?
Eoin Tonge was named permanent CEO on Thursday, March 5.
4Who reported on the Primark CEO appointment?
The report was authored by Prerna Bedi and Shashwat Awasthi, with editing by Subhranshu Sahu.