AA shares plunge after boss is fired for ‘gross misconduct’

Bob Mackenzie’s removal from all roles including chairman and director makes company biggest faller on FTSE 250

The AA has fired its boss, Bob Mackenzie, for “gross misconduct”, with immediate effect, wiping nearly a fifth off the value of the company and making it the biggest faller in the FTSE 250.

“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,” the AA said.

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