AA’s chief executive Chris Jansen has resigned from the roadside recovery firm with immediate effect just months after it was taken public.
The company’s chief financial officer Andy Boland will also be leaving, though no details of the timing of his departure were given.
Executive chairman Bob Mackenzie will now lead the company.
Jansen said his departure was precipitated by changes at the company in which his role “changed substantially”.
"I was appointed by the previous private equity owners as the CEO to improve the business and to enable a change of ownership to take place. Bob and his executive colleagues did a great job raising the finance to acquire the business and as a result my role has now changed substantially. I have therefore agreed with Bob to find a new executive opportunity outside the AA. The AA is a fantastic brand and I have relished my time at the company."
Mackenzie said the motoring group respected Jansen’s decision. “When the management buy-in team acquired the business, backed by many leading institutional investors, we knew that this would create change at the AA.”
AA's share spiked nearly three per cent higher this morning.