Company News 

Seven days: 4 August 2017

Seven days: 4 August 2017

All change at AA

The AA (AA.) is in search of new leadership. The motor insurer announced executive chairman Bob McKenzie had been removed from the board, as a director and an employee for gross misconduct. Senior independent director John Leach has been appointed chairman, while non-executive director Simon Breakwell has become acting chief executive with immediate effect. The group’s trading performance during the first half didn’t make for much better reading. Membership numbers were up marginally to 3,327,000, while it also incurred a one-off cost relating to a profit sharing arrangement with a third-party underwriter. AA now expects its full-year performance to be in line with the prior year.

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