Associated British Foods (ABF)

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Share Price:
1,922.50p
Market Cap:
£13,514m
Change Today:
38.50p
Sector:
Food

AB Foods appoints Eoin Tonge as permanent Primark CEO

By Frank Prenesti

Date: Thursday 05 Mar 2026

LONDON (ShareCast) - (Sharecast News) - Primark has appointed Eoin Tonge as its CEO on permanent boss with immediate effect and created a chief commercial officer role for the clothing chain as it mulls a possible spinoff.
Tonge has held the post on an interim basis for almost a year. He was previously chief finance officer and chief strategy officer at Marks & Spencer.

The company, owned by conglomerate Associated British Foods, added that it had appointed Filip Ekvall as CCO from September. He is currently CEO international outdoor retailer BRAV and was previously a global director of sales at fashion chain H&M.

AB Foods is reviewing whether to separate Primark from its food divisions to enhance shareholder value.

Reporting by Frank Prenesti for Sharecast.com

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ABF Market Data

Currency UK Pounds
Price 1,922.50p
Change Today 38.50p
52 Week High 2,315.00p
52 Week Low 1,759.00p
Volume 750,230
Shares Issued 702.95m
Market Cap £13,514m

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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 11
Sell 4
Strong Sell 2
Total 17
neutral
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