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    1. Home
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    3. >Primark names Eoin Tonge permanent CEO as possible spin-off looms
    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 read

    Last updated: April 2, 2026

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    Tags:FinanceMarketsleadership

    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)

    Global Banking & Finance Awards 2026 — Call for Entries

    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)

    References

    • Primark expected to appoint interim CEO permanently - TheIndustry.fashion
    • ABF mulls Primark and Food split as profits slide
    • ¿Primark se independiza? AB Foods considera separar el negocio de ropa y el de alimentación

    Table of Contents

    • Primark CEO Appointment and Corporate Strategy
    • Permanent Appointment of Eoin Tonge
    • Background on Leadership Transition
    • Parent Company’s Strategic Considerations

    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. ()

    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.

    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)
  • 4Who reported on the Primark CEO appointment?

    The report was authored by Prerna Bedi and Shashwat Awasthi, with editing by Subhranshu Sahu.

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