AA Plunges 12% In London After Chairman Removed For 'gross Misconduct'

By Sara Sjolin Markets MarketWatch Pulse

Shares of AA PLC tumbled 15% in London on Tuesday after the roadside assistance company said it has removed executive chairman Bob Mackenzie with immediate effect for "gross misconduct". Mackenzie will be replaced by John Leach, who joined AA in 2014. The company didn't offer any further explanation on the now former chairman's misconduct.

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