AA sacks chief executive Bob MacKenzie for 'gross misconduct' as shares plunge

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The AA has sacked its executive chairman Bob Mackenzie for gross misconduct.

The roadside recovery group said Mr Mackenzie had been “removed” by the board with immediate effect.

A spokesman said it was a “personal conduct-related matter”, but declined to give more information.

Mr Mackenzie has been replaced by non-executive chairman John Leach, who has been senior independent director at the AA since November 2014, while it has also named Expedia founder Simon Breakwell as acting chief executive.

The group made the shock announcement as it also said performance in the first half of the year has been hit by “erratic workload patterns”.

Shares plunged as much as 18 per cent as it said it now expects its annual performance to be flat on the year before.

The AA had already begun plans to split the executive chairman role and will now speed up the appointment of a permanent chief executive following Mr Mackenzie’s departure.

Mr Breakwell, who takes on the chief executive position on an interim basis, has been a non-executive director at the AA since 2014.

As well as spending 10 years on the board of Expedia, he also set up the European operations for taxi hailing giant Uber.com.

Additional reporting by the Press Association

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