Primark owner names new chairman to replace Charles Sinclair

Primark update

Primark parent company Associated British Foods has announced that its chairman Charles Sinclair will retire and will be succeeded by Michael McLintock.

Sinclair will step down on April 11, after a tenure that saw the firm perform strongly since he was appointed to the role in April 2009.

He first joined AB Foods as a non-executive director in October 2008.

McLintock, who joined AB Foods last November as an independent non-executive director, is a former chief executive of fund manager M&G.

He will also succeed Sinclair as chairman of the nomination committee.

Meanwhile, independent non-executive director Ruth Cairnie will become chair of the remuneration committee.

The firm – which also owns the likes of Patak’s, Kingsmill and Twinings – is majority-owned by the family of chief executive George Weston.

It is due to release a trading update on Monday.

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