- Prachi Singh |
Associated British Foods plc, parent company of Primark has announced that its Chairman Charles Sinclair will retire from the board on April 11, 2018.
Michael McLintock, the company added, an independent non-executive director of the company since November 1, 2017, will succeed Sinclair as Chairman of the company and as chairman of the nomination committee on that date. Meanwhile, Ruth Cairnie, an independent non-executive director of the company, will succeed Sinclair as chair of the remuneration committee on April 11, 2018.
In its recent trading update for the 16 weeks to January 6, 2018, sales at Primark increased 7 percent compared to the same period last year at constant currency driven by increased retail selling space.