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Blow to Marks & Spencer as Top Exec Joins Primark Owner

  • Eoin Tonge departing M&S to replace John Bason at AB Foods
  • M&S also announces acquisition of food logistics provider
Shoppers carry bags from Primark in Manchester, UK.

Shoppers carry bags from Primark in Manchester, UK.

Photographer: Anthony Devlin/Bloomberg
Updated on

A top management executive from Marks & Spencer Group Plc is leaving to take a finance role at Associated British Foods Plc, the owner of clothing chain Primark. 

Eoin Tonge, currently chief financial and strategy officer at M&S, will replace John Bason who will be retiring as finance director, AB Foods said in a statement Thursday. Bason, who has worked at AB Foods for 23 years, will become chairman of a newly constituted strategic advisory board and a senior adviser to Primark.