AA Plc News

UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer

British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners on Wednesday, in a deal that digs a popular UK institution out of financial problems deepened by the coronavirus pandemic. …

Fired Chairman of UK’s AA Plc Has ‘Mental-Health Issue,’ Says Son

Bob Mackenzie, the AA Plc executive chairman dismissed Tuesday for “gross misconduct,” is suffering from a mental-health issue, his son said in a statement. “My father tendered his resignation this morning and resigned his directorships due to acute ill health, …

UK’s AA Plc Fires Executive Chairman Mackenzie for `Gross Misconduct’

The AA Plc removed executive chairman and director Bob Mackenzie from the company with immediate effect for “gross misconduct.” John Leach will replace Mackenzie as chairman, the firm said in a statement on Tuesday. Simon Breakwell, who joined the AA …