Paul Marchant Net Worth, Wife, Wiki, Age, Salary, Primark, Family

Paul Marchant Biography – Paul Marchant Wiki

Paul Marchant is the Chief Executive Officer of Primark. He joined Primark as Chief Operating Officer in 2009 and within the same year became CEO, taking over the reins from Primark founder Arthur Ryan, who passed away in July 2019 aged 83. He resigned from his role as chief executive of the high-street fashion brand on 31 March 2025.

“Under Paul’s leadership, Primark has become a truly international business. He has spearheaded our European and US expansion, more than doubling our store footprint since joining,” the fast fashion chain, which runs more than 450 shops globally, said in a statement.

In 2023, Paul was named The Irish Times Business Person of the Month for January, an award run in association with Bank of Ireland. Founded 50 years ago and headquartered in Dublin, Primark operates in the Irish market under the Penneys brand.

Before joining Primark, Paul was COO at New Look. With a career long background in fashion retail, he has previously worked for Debenhams, Topman, and River Island.

Paul Marchant Age

Businessman Paul John Marchant was born in February 1968 in the United Kingdom.

Paul Marchant Family

He is reportedly married with children.

Paul Marchant Salary

Former Primark CEO Paul Marchant’s salary was not made public. In 2020, Paul Marchant took a salary cut. ABF chief executive George Weston, finance director John Bason and Primark chief executive Paul Marchant requested a temporary 50% reduction in their base pay, and executive director received no dividends for the year. The non-executive directors of ABF, including chairman Michael McLintock, also reduced their salary by 25%, Drapers reported.

ABF said in a statement: “The board, including the executive management team, believes that these steps are appropriate given its expectation that full-year earnings will now be much lower than envisaged at the start of the financial year.

“The board is acutely aware that many Primark employees will see their livelihoods affected by Covid-19.”

Paul Marchant Net Worth

Primark chief executive Paul Marchant has an estimated net worth of £10 million.

Resignation

Paul Marchant resigned from his role as Primark Chief Executive on 31 March 2025 following an investigation into an allegation made by an individual about his behaviour towards her in a social environment.

Primark’s parent firm, Associated British Foods (ABF) said in a statement: “Paul Marchant’s departure follows an investigation, initiated by ABF and carried out by external lawyers, into an allegation made by an individual about his behaviour towards her in a social environment. Paul Marchant cooperated with the investigation, acknowledged his error of judgement and accepts that his actions fell below the standards expected by ABF. He has made an apology to the individual concerned, the ABF Board and also to his Primark colleagues and others connected to the business.

“As we have committed to publicly, ABF seeks to provide a safe, respectful, and inclusive work environment where all employees and third parties are treated with dignity and respect. Primark is committed to doing business the right way at all levels of the company.

“The Group will continue to offer support to the individual who brought this behaviour to its attention.”

George Weston, Chief Executive of ABF, said: “I am immensely disappointed. At ABF, we believe that high standards of integrity are essential. Acting responsibly is the only way to build and manage a business over the long term. Colleagues and others must be treated with respect and dignity. Our culture has to be, and is, bigger than any one individual.”

Replacement

ABF Finance Director Eoin Tonge will act as Primark Chief Executive on an interim basis working with the senior Primark management team and Primark’s Strategic Advisory Board. ABF Group Financial Controller Joana Edwards will act as interim ABF Finance Director. Both executives have the experience to perform these roles well, ABF said.

Shares in ABF, which also owns grocery brands including Ryvita and Twinings, fell by 4 per cent in early trading on Monday following the announcement of Marchant’s resignation, per The i Paper. The Group will announce its interim financial results as planned on 29 April 2025. Primark, which makes up almost half of ABF’s sales, brought in more than £9.4 billion ($12.2 billion) in revenues in the 2024 financial year.

Nationality

He is of British nationality.

Paul Marchant Religion

Paul Marchant professes Christianity.