AA chief executive and finance head to leave

AA chief executive Chris Jansen and chief financial officer Andy Boland are leaving the recently-listed roadside assistance company.

The AA said that Jansen has resigned with immediate effect “by mutual agreement” and will leave the company “following an orderly transition”.

Executive chairman Bob Mackenzie will head the company.

AA floated on the stock exchange in June this year.

Jansen said in a statement: “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 added: “We completely understand and respect Chris’s desire to seek new challenges outside the AA. 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.

“We wish Chris all the best and we are certain he will secure a new and equally significant role in the future.”

The company added that finance chief Boland would also be leaving the company and that “a further announcement will be made in due course about the timing of his departure”.