Last month we told you about the
abrupt sacking of AA executive chairman and director Bob Mackenzie. There was limited – yet contradicting – information at the time. Now interesting details have surfaced.
Multiple reports claim the whole fiasco stemmed from a fight between Mackenzie and head of insurance Michael Lloyd. Citing a
Financial Times report,
The Telegraph and the
Daily Mail said the former chairman opposed a possible spinoff involving rival
Hastings.
Meanwhile, in a statement today Hastings said: “The Board confirms that the company did have preliminary discussions with the AA regarding a potential partnership with its insurance division, which have ceased.”
Reports said the fight – which sources claimed lasted for two minutes – occurred at the Pennyhill Park Hotel, where a meeting was being held about the Hastings prospect.
Mackenzie was supposedly fired for a “personal conduct matter” – which now appears to be the clash with Lloyd – but his son previously said the elder Mackenzie resigned due to acute ill health.
Related stories:
BIMA’s board member quits after party antics
CEO and founder of Uber walks away
