AA demands sacked chair Bob Mackenzie pay back £1.2m bonus

 
Oliver Gill
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Chairman Bob Mackenzie led AA through its 2014 floatation (Source: AA)

Britain's biggest breakdown recovery firm AA is demanding former chair Bob Mackenzie pays back bonuses of more than £1.2m, according to reports.

Lawyers working on behalf of the AA have written to Mackenzie asking that he hands back is 2016 and 2017 awards.

Mackenzie was unceremoniously sacked in July for "gross misconduct" amid reports of an alleged altercation over the future AA's insurance arm.

But it is as a result of a prior fracas, and the fact that Mackenzie failed to tell the board about it, that AA believes it has grounds to claw back the cash. The individual involved is understood not to be an AA employee, according to Sky News, which first reported the story.

The former chair's legal team is expected to dispute such grounds.

Read more: AA confirms Hastings merger talks did happen... but are now over

The Financial Times previously reported it was spin-off talks that prompted a violent exchange between Mackenzie and AA insurance chief Michael Lloyd at Pennyhill Park Hotel in Surrey. Discussions took place over the same between AA and fellow FTSE 250 firm Hastings over a possible merger.

Meanwhile, Hastings and AA issued a statement last month that negotiations had fallen apart.

AA declined to comment.

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