AA plc Executive Chairman removed for gross misconduct

Boardroom

AA plc official statement

The AA plc announces that Bob Mackenzie has been removed by the Board from his role as Executive Chairman, from his other roles and as a Director and as an employee of the Company, for gross misconduct, with immediate effect.

The roles held by Bob Mackenzie will be filled as follows: John Leach has been appointed as Chairman. John joined the AA in June 2014 as a Non-Executive Director and was appointed as Senior Independent Director on 13th November 2014.  John is also Chair of the Nomination Committee and a member of the Risk and Audit Committees.

Simon Breakwell has been appointed as Acting Chief Executive.  Simon joined the AA in September 2014 as a Non-Executive Director and is currently Chair of the Remuneration Committee and a member of the Nomination Committee. Outside of the AA, Simon is currently a Venture Partner at TCV, one of the leading global mid cap funds, and Chairman of Business Data 4 Travel.  Simon was a founder of Expedia and a member of the main board for ten years from 1996. More recently, Simon was responsible for establishing the European operations for Uber.com.

As detailed in the annual report, the Board had already begun the process of splitting the combined roles of Executive Chairman as the Company nears the end of the transformation programme.  The Nomination Committee will now accelerate this appointment of a Chief Executive.

Andrew Blowers has been appointed as Senior Independent Director, replacing John Leach in that role. Andrew joined the AA in September 2014 as a Non-Executive Director and is Chair of the Risk Committee and a member of the Audit and Nomination Committees.

Martin Clarke continues as the Chief Financial Officer.