BUZZ-AB Foods drops as Primark CEO resigns

Reuters03-31

** Associated British Foods ABF.L slips 4% to 1,862p

** Paul Marchant, chief executive of co's Primark clothing business, resigns with immediate effect after an individual's allegations about his behaviour towards her in a social environment

** Group says Marchant acknowledged "error of judgement" and cooperated with an investigation led by external lawyers

** Finance director Eoin Tonge will act as Primark's interim chief executive

** ABF group's financial controller Joana Edwards will act as group's interim finance director

** As of last close, stock down 6.3% so far this year

(Reporting by Aatrayee Chatterjee in Bengaluru)

((Aatrayee.Chatterjee@thomsonreuters.com))

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